Drug Store

Walgreens

1825 E Warner Rd, Tempe, AZ 85284

Listing Price: $4,300,000

Cap Rate
6.00%
Tenant Name
Walgreens
Years Remaining On Lease
7.40
Guarantor
Corporate Guarantee
Rentable SF
13,905
Lease Type
Double Net
Rent Per Square Feet
$18.56

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. It was founded in Chicago, Illinois, in 1901. The Walgreens headquarters office is in the Chicago suburb of Deerfield, Illinois. Located just 10 minutes east of downtown Phoenix, Tempe exudes its own personality and the youthful spirit of a college town. Home to Arizona State University, the largest public university in the United States, Tempe has a vibrant downtown that’s active day and night. Visitors will find locally-owned eateries and microbreweries, annual festivals, arts and cultural events. And plenty of opportunities to enjoy over 300 days of sunshine a year on a bike, hiking trail or stand-up paddleboard.

Investment Highlights

  • Corporate Guaranty from Walgreens
  • +/-8 Years Remaining on Lease Term
  • 331,677 Residents within a 5-Mile Radius - Phoenix MSA
  • Visible to 42,000+ Cars/Day at the Nearby Intersection of East Warner Road & South McClintock Drive
  • Recent 10 Year Lease Extension, Showing Commitment to the Site
  • Average Household Income Exceeds $142,000 in Immediate Area

Exclusively Listed By

Listing Price: $4,300,000

Cap Rate
6.00%
Tenant Name
Walgreens
Years Remaining On Lease
7.40
Guarantor
Corporate Guarantee
Rentable SF
13,905
Lease Type
Double Net
Rent Per Square Feet
$18.56

Investment Highlights

  • Corporate Guaranty from Walgreens
  • +/-8 Years Remaining on Lease Term
  • 331,677 Residents within a 5-Mile Radius - Phoenix MSA
  • Visible to 42,000+ Cars/Day at the Nearby Intersection of East Warner Road & South McClintock Drive
  • Recent 10 Year Lease Extension, Showing Commitment to the Site
  • Average Household Income Exceeds $142,000 in Immediate 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. It was founded in Chicago, Illinois, in 1901. The Walgreens headquarters office is in the Chicago suburb of Deerfield, Illinois. Located just 10 minutes east of downtown Phoenix, Tempe exudes its own personality and the youthful spirit of a college town. Home to Arizona State University, the largest public university in the United States, Tempe has a vibrant downtown that’s active day and night. Visitors will find locally-owned eateries and microbreweries, annual festivals, arts and cultural events. And plenty of opportunities to enjoy over 300 days of sunshine a year on a bike, hiking trail or stand-up paddleboard.

Exclusively Listed By

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