$3,351,000 USD
310-295-1170
2811 E Broadway Rd
Mesa, AZ 85204
Superstition Springs
HIGHLIGHTS
- LEASE RENEWAL – Walgreens recently extended its lease at existing rental rates, signaling a long-term commitment to this high-performing location.
- TOP PERFORMING STORE – Generates over $2.64 million in annual sales, placing this store among the top-performing Walgreens locations nationwide.
- HEALTHY RENT-TO-SALES RATIO – Features a sustainable ±8% rent-to-sales ratio, demonstrating operational efficiency and strong tenant performance.
- BELOW MARKET RENT – Currently leased at approximately $14/SF, which is below market, providing future upside potential as area rents continue to rise.
- STRONG DEMOGRAPHICS – Serves a dense and affluent population of 362,266+ residents with an average household income of $88,583 within a 5-mile radius.
- HIGH-TRAFFIC CORRIDOR – Positioned along a major thoroughfare and a four way lighted intersection, the property sees ±48,000 vehicles per day.
FOR SALE DETAILS
PRICE
$3,351,000 USD
PRICE/SF
$216 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
WALGREENS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1995
SPRINKLERS
-
PARKING SPACES
82
LAND DETAILS
LAND ACRES
1.96 AC
LAND SF
85,378 SF
ZONING
LC
APN/PARCEL ID
140-40-001L
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310-295-1170
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310-295-1170
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