Walgreens | $4,435,000 | 6.35% CAP
» 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.