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Walgreens 3005 E Riggs Rd 14,820 SF Retail Building Chandler, AZ 85249 $6,980,000 ($470.99/SF) 7.32% Cap Rate
Investment Highlights
- Prime Chandler Location: Located at the signalized intersection of E. Riggs Rd. and 136th St., with traffic counts exceeding 21,000 vehicles per day o
- Absolute NNN Lease: Walgreens is responsible for all property expenses including roof, structure, and parking lot, offering a truly passive investment
- Established Walgreens Lease: Walgreens has demonstrated 15+ years of commitment to this location, offering investors a secure and stable income stream
- Active Residential Development Nearby: Magnolia by Shea Homes, a high-end subdivision with 93 lots, is currently under development just east of the si
Executive Summary
Stable Single Tenant Walgreens Opportunity on a Long Term NNN Lease
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,820 SF
Building Class
B
Year Built
2008
Price
$6,980,000
Price Per SF
$470.99
Cap Rate
7.32%
NOI
$511,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.81 AC
Zoning
PAD - Commercial Use C-2
Parking
79 Spaces (5.33 Spaces per 1,000 SF Leased)
Frontage
100’ on Riggs Road
Amenities
- Corner Lot
- Pylon Sign
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 304-88-149 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $501,991 |
Property Taxes
Parcel Number
304-88-149
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$501,991
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Walgreens | 3005 E Riggs Rd
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