4315 W McDowell Rd - Drug Store FOR SALE


Phoenix, AZ 85035
$3,425,000 USD
602-687-6766
4315 W McDowell Rd, Phoenix, AZ for Sale
$3,425,000 USD
Drug Store - FOR SALE
1/8
null | 6.66% Cap Rate

4315 W McDowell Rd
Phoenix, AZ 85035


HIGHLIGHTS

  • Absolute Triple-Net (NNN) Lease with 2.5 Years Remaining on Lease Term and Multiple Renewal Options
  • 22+ Year Operating History - Tenant has Occupied the Site Since 2002
  • Depreciable Fee Simple Property
  • Dense Phoenix Infill with 408,096 Residents within a Five-Mile Radius
  • Excellent Frontage and Accessibility at the Corner of West McDowell Road and North 43rd Avenue (104,000 Combined Cars per Day)
  • Situated Immediately Off Interstate-10, Major Connector for the Phoenix Area w/ Direct Access to Downtown Phoenix & Phoenix Sky Harbor International

OVERVIEW

Walgreens is an American pharmaceutical company which operates the largest drug retailing chain in the United States of America. As of 2023, the company operates 8,700 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The company is headquartered in the Chicago suburb of Deerfield, Illinois. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11th largest metropolitan area. The largest city is Phoenix, which encompasses about 520 square miles and boasts a population of more than 1.6 million.

FOR SALE DETAILS

PRICE

$3,425,000 USD

PRICE/SF

$228 USD /SF

CAP RATE

6.66%

% 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

2000

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.88 AC

LAND SF

81,893 SF

ZONING

C-2, Phoenix

APN/PARCEL ID

103-34-001E,103-34-001F

ASK ABOUT THIS PROPERTY

Mark RubleMarcus & MillichapMore Info
602-687-6766

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Mark RubleMarcus & MillichapMore Info
602-687-6766

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