2610 E Route 66
Flagstaff, AZ 86004
Walgreens Ground Lease · Retail Property For Sale

Single-tenant Walgreens investment opportunity featuring an absolute triple-net (NNN) ground lease with ±6.75 years remaining with 10% rental increases every 10 years.
Walgreens built their own building in 2013, showing strong commitment to this location. 
Walgreens is the largest retail health, pharmacy, and daily living destination across the United States and Europe. Walgreens was recently acquired by Sycamore Partners, a private equity firm based in New York specializing in consumer, distribution, and retail-related investments with portfolio revenues of approximately $200 billion (Source: Walgreens).
The Property has excellent frontage and visibility along the signalized hard corner of N Fourth St & the Historic Route 66, the primary travel route through Flagstaff (±46,255 VPD) (Source: ADOT, 2025).
Flagstaff attracts more than 5 million visitors annually as a year-round destination, serving as the largest city in Northern Arizona and a major hub for Grand Canyon visitors, offering world-class outdoor recreation including hiking, mountain biking, and skiing at the Arizona Snowbowl Ski Resort, set against the backdrop of the Coconino National Forest (Source: AZ Family).
This location features strong demographics with an average household income of ±$116,985 and a population of ±80,865 in a 5-mile radius (Source: Esri).
Coconino High School (±1,506 students) is ±4 minutes north.
The Property is ±7 minutes west of the Flagstaff Mall which sees ±4.2M annual visitors and is anchored by JCPenney, Dillard's, and Hobby Lobby (Source: Flagstaffmall.com).
Northern Arizona University (±26,000 students) and Flagstaff Medical Center (±268 beds & 2,200 employees) are ±8 minutes west.
The Property is ±8 minutes from Country Club Estates, a 1,011 home community surrounding two 18-hole, championship golf courses with median sales prices of ±$894,750 to over $5 million (Source: Homes.com)
Nearby national retailers include Chick-fil-A, Dutch Bros, Texas Roadhouse, IHOP, Sportsman’s Warehouse, Walmart Supercenter and many more.