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Walgreens 1959 N Grand Ave 14,533 SF Retail Building Nogales, AZ 85621 $3,400,000 ($233.95/SF) 9.35% Cap Rate
Investment Highlights
- Premier hard corner location — Walgreens operating 22+ years at signalized intersection
- Only major stand-alone pharmacy in the area with defensible competitive position
- Outparcel to Mariposa Shopping Center near the Mariposa Port of Entry
- Fee-simple NNN lease with two dedicated curb cuts and excellent ingress/egress
- Captures cross-border consumer traffic from U.S. and Mexican shoppers
- 9.00% cap rate on $318,000 annual rent with four 5-year renewal options
Executive Summary
David Harrington
License # BR715518000, CO701910000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
License # BR715518000, CO701910000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,533 SF
Building Class
C
Year Built
2004
Price
$3,400,000
Price Per SF
$233.95
Cap Rate
9.35%
NOI
$318,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.83 AC
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 102-01-035O | Improvements Assessment | $69,870 |
| Land Assessment | $125,453 | Total Assessment | $195,323 |
Property Taxes
Parcel Number
102-01-035O
Land Assessment
$125,453
Improvements Assessment
$69,870
Total Assessment
$195,323
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Walgreens | 1959 N Grand Ave