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Walgreens For Sale
Absolute NNN
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Investment Highlights
- 10+ Years Left on Lease
- Zero Landlord Responsibilities
- 6.41% Cap Rate
- Built in 2002
- Purchase Price: $8,250,000
- Percentage Rent Bumps Every Year
- Strong Sales
- Motivated Seller
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WALGREENS is recognized as the nation’s largest retail pharmacy chain and is considered to be the leader in innovative drug store retailing. They currently operate over 7,045 stores in all 50 states and is a Standard & Poors BBB rated company. WALGREENS is located at 6838 North 7th St. Phoenix, A. The subject is an approximate 14,490-square foot, single-tenant retail building that was built on approximately 1.09 acres of land. The existing lease is a 75 year, absolute triple-net (NNN) lease with Walgreen Arizona Drug Co. with 11.5 years remaining before Walgreens has the right to terminate.WALGREENS is located at the southwest corner of 7th St. and Glendale Avenue (80,000 daily traffic counts). The community offers excellent access to the downtown employment district and enjoys convenient access to the Black Canyon Freeway (I-17) and 51 Fwy. WALGREENS shares a corner with the North Central Shoppes, a retail strip center anchored by Schmitt Jewelers. Across the intersection is Chase Bank, Wells Fargo, a Safeway, and Madison Village Marketplace. This marketplace includes retailers like Qdoba Mexican Grill, Pei Wei, AAA Insurance, and Subway.
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Victor Martinez & associates
3595 Inland Empire Boulvevard
Building 2 - Suite 2100
Ontario, Ca 91764
vma.com
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John Tundis
Vice President
9099458820
9094184208
john@vma.com
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