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Drug Store

Walgreens

550 S Main St, Cottonwood, AZ 86326

Listing Price: $5,011,000

Cap Rate
6.70%
Tenant Name
Walgreens
Years Remaining On Lease
12.4
Guarantor
Corporate Guarantee
Rentable SF
14,754
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.76

Investment Overview

Marcus & Millichap is pleased to present for sale Walgreens in Cottonwood, AZ. 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.

Cottonwood is a city in Arizona’s Yavapai County with an estimated population of over 12,000 residents. The city is located adjacent to the Verde River in the geographic center of Arizona in an area known as the Verde Valley, about 100 miles north of the Phoenix metropolitan area. The Verde River runs through the valley from the northwest to the southeast and is augmented by flows from Sycamore Canyon, Oak Creek, Beaver Creek, and West Clear Creek. The area is known for its beauty, with the red rocks and Mogollon Rim to the north and east and the Black Hills and Mingus Mountain dominating the western and southern portions of the valley.

Investment Highlights

  • More Than 12 Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate Walgreens Guaranty and Multiple Renewal Options
  • Long Term Occupancy - Tenant has Operated at this Location for 22 Years, Showing Commitment to the Site
  • Signalized Hard Corner Location, Visible to Nearly 41,000 Cars per Day
  • Located Along the City's Primary Retail Corridor - Surrounding Tenants Include Walmart, The Home Depot, Safeway, and Dollar Tree
  • Households and Population Projected to Increase Approximately 6% in the Trade Area Over the Next 5 Years
  • Adjacent to the Verde Valley Fairgrounds
  • Cottonwood is Conveniently Located within a 2-Hour Drive of Phoenix

Exclusively Listed By

  • Peter Bauman

    Senior Vice President Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Tivon Moffitt

    Senior Vice President Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00

    Phoenix

  • Chris Lind

    Senior Managing Director Investments

    (602) 687-6780

    Email Chris

    License(s): AZ: SA627823000

    Phoenix

  • Mark Ruble

    Executive Managing Director Investments

    (602) 687-6766

    Email Mark

    License(s): AZ: SA550593000, NV: S.0192964

    Phoenix

  • Zack House

    First Vice President Investments

    (602) 687-6650

    Email Zack

    License(s): AZ: SA665750000

    Phoenix

Listing Price: $5,011,000

Cap Rate
6.70%
Tenant Name
Walgreens
Years Remaining On Lease
12.4
Guarantor
Corporate Guarantee
Rentable SF
14,754
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.76

Investment Highlights

  • More Than 12 Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate Walgreens Guaranty and Multiple Renewal Options
  • Long Term Occupancy - Tenant has Operated at this Location for 22 Years, Showing Commitment to the Site
  • Signalized Hard Corner Location, Visible to Nearly 41,000 Cars per Day
  • Located Along the City's Primary Retail Corridor - Surrounding Tenants Include Walmart, The Home Depot, Safeway, and Dollar Tree
  • Households and Population Projected to Increase Approximately 6% in the Trade Area Over the Next 5 Years
  • Adjacent to the Verde Valley Fairgrounds
  • Cottonwood is Conveniently Located within a 2-Hour Drive of Phoenix

Investment Overview

Marcus & Millichap is pleased to present for sale Walgreens in Cottonwood, AZ. 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. Cottonwood is a city in Arizona’s Yavapai County with an estimated population of over 12,000 residents. The city is located adjacent to the Verde River in the geographic center of Arizona in an area known as the Verde Valley, about 100 miles north of the Phoenix metropolitan area. The Verde River runs through the valley from the northwest to the southeast and is augmented by flows from Sycamore Canyon, Oak Creek, Beaver Creek, and West Clear Creek. The area is known for its beauty, with the red rocks and Mogollon Rim to the north and east and the Black Hills and Mingus Mountain dominating the western and southern portions of the valley.

Exclusively Listed By

  • Peter Bauman

    Senior Vice President Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Tivon Moffitt

    Senior Vice President Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00

    Phoenix

  • Chris Lind

    Senior Managing Director Investments

    (602) 687-6780

    Email Chris

    License(s): AZ: SA627823000

    Phoenix

  • Mark Ruble

    Executive Managing Director Investments

    (602) 687-6766

    Email Mark

    License(s): AZ: SA550593000, NV: S.0192964

    Phoenix

  • Zack House

    First Vice President Investments

    (602) 687-6650

    Email Zack

    License(s): AZ: SA665750000

    Phoenix

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