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Drug Store

Walgreens

4315 W McDowell Rd, Phoenix, AZ 85035

Listing Price: $3,508,000

Cap Rate
6.50%
Tenant Name
Walgreens
Years Remaining On Lease
3.4
Gross SF
14,995
Guarantor
Corporate Guarantee
Rentable SF
14,995
Price/Gross SF
$233.94
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.21

Investment Overview

Marcus & Millichap is pleased to present for sale Walgreens in Phoenix, Arizona. Walgreens is an American pharmaceutical company which operates the largest drug retailing chain in the United States of America. It specializes in serving prescriptions, health & wellness products, health information and photo services. As of 2023, the company operates 8,700 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11th largest metropolitan area. The largest city is Phoenix, which encompasses about 520 square miles and boasts a population of more than 1.6 million.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Three and a Half Years Remaining on Lease Term and Multiple Renewal Options
  • Over 22 Year Operating History - Tenant has Occupied the Site Since 2002
  • Depreciable Fee Simple Property
  • Dense Phoenix Infill with 408,096 Residents within a Five-Mile Radius
  • Excellent Frontage and Accessibility at the Corner of West McDowell Road and North 43rd Avenue (104,000 Combined Cars per Day)
  • Situated Immediately Off Interstate-10, a Major Connector for the Phoenix Area with Direct Access to Downtown Phoenix and Phoenix Sky Harbor International Airport
  • Surrounded by National Retailers: Fry's, Food City, Smart & Final, Pizza Hut, etc.
  • Corporate Guaranty by Walgreens

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Listing Price: $3,508,000

Cap Rate
6.50%
Tenant Name
Walgreens
Years Remaining On Lease
3.4
Gross SF
14,995
Guarantor
Corporate Guarantee
Rentable SF
14,995
Price/Gross SF
$233.94
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.21

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Three and a Half Years Remaining on Lease Term and Multiple Renewal Options
  • Over 22 Year Operating History - Tenant has Occupied the Site Since 2002
  • Depreciable Fee Simple Property
  • Dense Phoenix Infill with 408,096 Residents within a Five-Mile Radius
  • Excellent Frontage and Accessibility at the Corner of West McDowell Road and North 43rd Avenue (104,000 Combined Cars per Day)
  • Situated Immediately Off Interstate-10, a Major Connector for the Phoenix Area with Direct Access to Downtown Phoenix and Phoenix Sky Harbor International Airport
  • Surrounded by National Retailers: Fry's, Food City, Smart & Final, Pizza Hut, etc.
  • Corporate Guaranty by Walgreens

Investment Overview

Marcus & Millichap is pleased to present for sale Walgreens in Phoenix, Arizona. Walgreens is an American pharmaceutical company which operates the largest drug retailing chain in the United States of America. It specializes in serving prescriptions, health & wellness products, health information and photo services. As of 2023, the company operates 8,700 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11th largest metropolitan area. The largest city is Phoenix, which encompasses about 520 square miles and boasts a population of more than 1.6 million.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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