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Drug Store

Walgreens

1351 W Prince Rd, Tucson, AZ 85705

Listing Price: $2,462,000

Cap Rate
6.50%
Tenant Name
Walgreen Co.
Years Remaining On Lease
5.4
Gross SF
14,490
Guarantor
Corporate Guarantee
Rentable SF
14,490
Price/Gross SF
$169.91
Lease Type
Double Net
Rent Per Square Feet
$11.04

Investment Overview

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 August 31, 2019, the company operated 9,277 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business.

Investment Highlights

  • New 5 Year Lease Extension - Corporate Lease with Walgreens
  • 224,519 Residents within a 5-Mile Radius - Growing Tucson Trade Area
  • Signalized Hard Corner Location
  • Highly Visible to Nearly 46,500 Cars/Day at the Intersection of Flowing Wells Road and Prince Road
  • 1 Mile Off the Interstate-10 Freeway, the Primary Connector for Tucson and Phoenix
  • Across from Flowing Wells High School (1,610+ Students)
  • 2 Miles from a Dense Retail Corridor Home to Tucson Mall, Tucson Auto Mall, and Several Shopping Centers
  • Strong Daytime Population - 316,847 Employees in Surrounding Area

Exclusively Listed By

Listing Price: $2,462,000

Cap Rate
6.50%
Tenant Name
Walgreen Co.
Years Remaining On Lease
5.4
Gross SF
14,490
Guarantor
Corporate Guarantee
Rentable SF
14,490
Price/Gross SF
$169.91
Lease Type
Double Net
Rent Per Square Feet
$11.04

Investment Highlights

  • New 5 Year Lease Extension - Corporate Lease with Walgreens
  • 224,519 Residents within a 5-Mile Radius - Growing Tucson Trade Area
  • Signalized Hard Corner Location
  • Highly Visible to Nearly 46,500 Cars/Day at the Intersection of Flowing Wells Road and Prince Road
  • 1 Mile Off the Interstate-10 Freeway, the Primary Connector for Tucson and Phoenix
  • Across from Flowing Wells High School (1,610+ Students)
  • 2 Miles from a Dense Retail Corridor Home to Tucson Mall, Tucson Auto Mall, and Several Shopping Centers
  • Strong Daytime Population - 316,847 Employees in Surrounding Area

Investment Overview

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 August 31, 2019, the company operated 9,277 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business.

Exclusively Listed By

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