www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33890044
33890045

1959 North Grand Avenue, Nogales, AZ 85621

KM
NE 20170883
Matthews
Listed by Matthews
$3,400,000
6 days on market
Updated 1 day ago

Walgreens

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,533
Cap Rate 9.00%
NOI $318,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Remaining Term 4.3
Price per SqFt $234
Year Built 2004
Acreage 1.840
Ground Lease No

Only Pharmacy in the Market — 22-Year Walgreens at 9% Cap Rate

Investment highlights

• Premier Hard Corner Location in the Heart of Nogales, Arizona – Walgreens has successfully operated at this signalized intersection for more than 22 years, solidifying its position as a trusted healthcare and retail destination within the community.

• Exceptional Real Estate Fundamentals – The fee-simple corner parcel features two dedicated curb cuts, providing excellent ingress and egress. The site offers outstanding visibility, accessibility, and flexibility with minimal development constraints.

• Exclusive Pharmacy Presence – As the only major stand-alone pharmacy serving the area, Walgreens fulfills a critical healthcare need and benefits from a highly defensible competitive position within the local market.

• Strong Cross-Border Consumer Demand – Strategically positioned near the U.S.–Mexico border, the property captures consistent customer traffic from both American and Mexican consumers, supported by long standing cross-border commerce and shopping patterns.

• Gateway to the Mariposa Port of Entry – Located as an outparcel to Mariposa Shopping Center, the property enjoys strong retail synergies, exceptional exposure, and direct access to one of the region's most important trade and transportation corridors. The site is just minutes from the Mariposa Port of Entry, a key gateway for international commerce and travel.

Listing Contacts

KM
NE 20170883
Matthews
Listed by Matthews

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$318,000.00
$26,500.00/mo

Valuation Metrics

0
DSCR
9.35%
Cap Rate
9.35%
ROI

Map

Zoning

Intelligence Badge
GC CommercialGeneral CommercialGeneral Commercial
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 153 uses
View all 153 uses
Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
David Harrington
License
BR715518000, CO701910000 (AZ)
Brokerage
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591