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Drug Store

Walgreens

7877 E Snyder Rd, Tucson, AZ 85750

Listing Price: $2,923,000

Cap Rate
6.50%
Tenant Name
Walgreen Co.
Years Remaining On Lease
4.9
Gross SF
15,120
Guarantor
Corporate Guarantee
Rentable SF
15,120
Price/Gross SF
$193.32
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.57

Investment Overview

Walgreens is an American pharmaceutical company which operates the largest drug retailing chain in the United States of America. 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

  • Absolute Triple-Net (NNN) Corporate Lease with Walgreens
  • New 5 Year Lease Extension
  • 105,058 Residents within a 5-Mile Radius - Growing Tucson Trade Area
  • Signalized Hard Corner Location - Visible to 13,500+ Cars/Day at the Intersection of East Snyder Road and North Sabino Canyon Road
  • Site Sits on Large 2-Acre Lot
  • 10 Minutes South of Ventana Canyon Golf & Racquet Club
  • Affluent Trade Area - Average Household Income Exceeds $134,000 within 3 Miles
  • Strong Daytime Population - 112,260 Employees in Surrounding Area

Exclusively Listed By

Listing Price: $2,923,000

Cap Rate
6.50%
Tenant Name
Walgreen Co.
Years Remaining On Lease
4.9
Gross SF
15,120
Guarantor
Corporate Guarantee
Rentable SF
15,120
Price/Gross SF
$193.32
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.57

Investment Highlights

  • Absolute Triple-Net (NNN) Corporate Lease with Walgreens
  • New 5 Year Lease Extension
  • 105,058 Residents within a 5-Mile Radius - Growing Tucson Trade Area
  • Signalized Hard Corner Location - Visible to 13,500+ Cars/Day at the Intersection of East Snyder Road and North Sabino Canyon Road
  • Site Sits on Large 2-Acre Lot
  • 10 Minutes South of Ventana Canyon Golf & Racquet Club
  • Affluent Trade Area - Average Household Income Exceeds $134,000 within 3 Miles
  • Strong Daytime Population - 112,260 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. 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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