Drug Store
Walgreens | First New Store in AZ in Several Years | 15-Year NNN Lease
4760 S Val Vista Dr, Gilbert (Phoenix MSA), AZ 85297
Listing Price: $7,908,000
Cap Rate
6.50%
Tenant Name
Walgreens
Years Remaining On Lease
14.5
Guarantor
Corporate Guarantee
Rentable SF
10,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$51.40
Investment Overview
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Walgreens | First New Store in AZ in Several Years | 15-Year NNN Lease
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- First Brand New Construction Store in Arizona in Approximately 10 Years
- Ranked #28 on Fortune 500 (NASDAQ: WBA), $145.53 Billion in Annual Revenue
- 5% Rental Increases Every 10 Years Beginning in Option 2
- Serving Over 283,000 Residents in One of the Fastest Growing Cities in the U.S.
- In the Heart of Thousands of New Homes Under Construction
- One of the Most Affluent Zip Codes in Arizona, Average HHI Exceeds $168,000 within 1 and 3 Miles
- Directly Across from Planned 2027 Fry's Grocery Anchored Center and 943 New Upscale Residences
Drug Store
Walgreens | First New Store in AZ in Several Years | 15-Year NNN Lease
Listing Price: $7,908,000
Cap Rate
6.50%
Tenant Name
Walgreens
Years Remaining On Lease
14.5
Guarantor
Corporate Guarantee
Rentable SF
10,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$51.40
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- First Brand New Construction Store in Arizona in Approximately 10 Years
- Ranked #28 on Fortune 500 (NASDAQ: WBA), $145.53 Billion in Annual Revenue
- 5% Rental Increases Every 10 Years Beginning in Option 2
- Serving Over 283,000 Residents in One of the Fastest Growing Cities in the U.S.
- In the Heart of Thousands of New Homes Under Construction
- One of the Most Affluent Zip Codes in Arizona, Average HHI Exceeds $168,000 within 1 and 3 Miles
- Directly Across from Planned 2027 Fry's Grocery Anchored Center and 943 New Upscale Residences
Investment Overview
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