1150 W 8th St - Drug Store FOR SALE


Yuma, AZ 85364- Downtown Yuma
$4,038,000 USD
480-221-4221
1150 W 8th St, Yuma, AZ for Sale
$4,038,000 USD
Drug Store - FOR SALE
1/7
null | 7% Cap Rate

1150 W 8th St
Yuma, AZ 85364
Downtown Yuma


HIGHLIGHTS

  • 100% Occupied | Walgreens Anchored | Strong Tenant Line-up |Corporate Guaranteed Lease | 30 Years Operating History
  • Recent Extension & Future Rent Increases | NNN Leases
  • Excellent Location & Accessibility | Across From a Food City Signalized, Hard Corner Intersection | I-8 Freeway (40,900 VPD)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% leased, Walgreens-anchored, multi-tenant retail investment property located in Yuma, Arizona. The anchor tenant, Walgreen Arizona Drug Co., has been operating on site for nearly 30 years and recently signed amendments to extend the term by 5 years, including both the current term and future option periods. Additionally, the newly signed amendments introduce a rent increase schedule for Walgreens, growing NOI and hedging against inflation while also demonstrating a strong commitment to the site. Other tenants in the center boast a strong e-commerce resistant lineup. All leases are NNN in nature with limited landlord responsibilities, making it a low-management investment opportunity.

FOR SALE DETAILS

PRICE

$4,038,000 USD

PRICE/SF

$202 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens & Shops | 100% Occupied

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

124

LAND DETAILS

LAND ACRES

2.42 AC

LAND SF

105,489 SF

ZONING

C

APN/PARCEL ID

632-64-142

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.