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Off Market
1/8

Walgreens
Gilbert, AZ 85295


HIGHLIGHTS

  • Long Term (8 Yrs.) Absolute NNN Fee Simple Lease by Walgreens (NYSE: WBA) - Market Cap $50B+
  • Strong Upward Trending Sales - Signalized Hard Corner (1.54 acres) along Higley/Williams Field Rd.
  • Investment Grade Credit (S&P BBB) – 2nd Largest Pharmacy in the U.S. - 8,100+ Locations - Strong Sales
  • Zero Landlord Duties - Drive-thru Lanes - Low Downside - Strong Real Estate Intricsics - Monument Signage
  • Affluent Suburb of Phoenix/Huge Portion of Upscale Employers - One of Top Demo’s ($99,144 HHI)
  • Just off Hwy 202 Loop - Down from San Tan Village Shopping Center Super Walmart Anchored)

OVERVIEW

We are pleased to offer to qualified investors an opportunity to purchase an investment grade single tenant absolute NNN leased investment that is fully leased to Walgreen Co. with 8 years remaining on the original term and 10 - 5 year options. Comprising 14,490 square feet, the building is situated on a large 1.54 acre corner lot and is exceptionally well located along E. Williams Field Road and S. Higley Road in Gilbert, AZ. Furthermore, the subject property is located in close proximity to the regional power center SunTan Village Marketplace which contains major anchor tenants such as Walmart Supercenter, Sam’s Club, Costco, Dick’s Sporting Goods, Dillard’s, Macy’s, Bed Bath & Beyond, and more. This is a rare opportunity to purchase the second-largest pharmacy store chain in the U.S. (true investment grade tenant - “BBB” by S&P’s), with 8 years remaining on the original term, positioned in the main retail corridor, with zero landlord responsibilities and secure long term cash flow.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

NNN- Strong Sales Trend- Growing Suburb

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

14490

STORIES

1

YEAR BUILT

2004

SPRINKLERS

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PARKING SPACES

60

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

309-29-348,309-29-350A