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Walgreens |  $4,435,000  |  6.35% CAP

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» Absolute Net Lease (No Landlord Responsibilities): 14 Years Remaining on Recently Signed 15-Year Term. Lease Features Rare 5% Rental Increases Every 5 Years. 


» Outparcel To Walmart Anchored Shopping Center: Subject Property is Strategically Located at the Entrance of a Busy Walmart.


» Strategic Signalized Location With Limited Walgreens Competition In Immediate Trade Area: Walgreens is Located on North Arizona Blvd. which sees 15,367+ VPD. The Nearest Walgreens to Subject Property is 18 Miles Away which Allows this Location to Excel.


» Phoenix MSA: The Phoenix MSA (Metropolitan Statistical Area) is One of the Fastest-Growing Regions in the U.S., Characterized by a Dynamic Economy, Diverse Industries, and a Rapidly Expanding Population


» Nearby To Three Major Schools | 7,148 Households In 5-Mile Radius: Walgreens Business Benefits from Being Close to Three Schools Totaling 2,299+ Students.


» Strong Corporate Guaranty: Walgreens Operates more than 9,000 Stores Across All 50 States, Puerto Rico, and the U.S. Virgin Islands.

» Strong Demographics In 10-Mile Trade Area: The 10-Mile Trade Area Supports Over 66,641+ Residents with an Average Household Income Exceeding $75,000.

PRESENTED BY:

PETER DELTONDO
Founder, Deltondo Advisory Group
(949) 698-2609
pdeltondo@marcusmillichap.com
Lic. CA 01797033

© 2020 Deltondo Advisory Group of Marcus & Millichap Newport Beach

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