2811 E Broadway Rd | Mesa, AZ 85204
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- LoopNet Team
2811 E Broadway Rd
Mesa, AZ 85204
WALGREENS · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- LEASE RENEWAL – Walgreens recently extended its lease at existing rental rates, signaling a long-term commitment to this high-performing location.
- HEALTHY RENT-TO-SALES RATIO – Features a sustainable ±8% rent-to-sales ratio, demonstrating operational efficiency and strong tenant performance.
- 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.
- TOP PERFORMING STORE – Generates over $2.64 million in annual sales, placing this store among the top-performing Walgreens locations nationwide.
- BELOW MARKET RENT – Currently leased at approximately $14/SF, which is below market, providing future upside potential as area rents continue to rise.
- HIGH-TRAFFIC CORRIDOR – Positioned along a major thoroughfare and a four way lighted intersection, the property sees ±48,000 vehicles per day.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,525 SF
Building Class
B
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.96 AC
Zoning
LC - Limited Commercial
Parking
82 Spaces (5.28 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 140-40-001L | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $443,210 |
PROPERTY TAXES
Parcel Number
140-40-001L
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$443,210
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