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Walgreens 3180 N Campbell Ave 15,616 SF Retail Building Tucson, AZ 85719 $6,000,000 ($384.22/SF) 7.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • NN lease structure with landlord obligations limited solely to roof and structure
  • Prime hard-corner site along N. Campbell Avenue with 38,491 vehicles per day and on-site transit access, maximizing visibility and customer reach.
  • Tucson’s retail sector continues to strengthen with limited new supply and steady national tenant expansion, supporting consistent rent performance
  • The property ranks #866 out of 6,741 Walgreens locations nationwide, #24 out of 217 in Arizona, and #3 out of 35 within a 15-mile radius for visits
  • Surrounded by 129,000+ residents within 3 miles, the property sits in a thriving infill corridor with strong demographics and rising household incomes

EXECUTIVE SUMMARY

Lee & Associates Commercial Real Estate Services is proud to present Walgreens, a 15,120 SF retail property ideally situated at the intersection of N. Campbell Avenue and E. Fort Lowell Road. The site benefits from strong frontage along both corridors and excellent pedestrian and transit accessibility, supported by a Very Walkable Walk Score of 80 and immediate proximity to a major bus line. It features a drive-thru, prominent building and pylon signage, and 95 on-site parking spaces. Its prime corner location and established national tenancy underpin a stable, long-term investment opportunity within the Tucson market.
Positioned in one of Tucson’s most prominent retail corridors, the property benefits from high visibility and excellent accessibility. The surrounding market combines a strong mix of established retailers with limited new construction, creating a stable environment and sustained demand for well-located commercial space. With a proven tenant in place and a property built for low-maintenance ownership, this Walgreens provides an opportunity to secure long-term income in a thriving retail market.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,616 SF
Building Class
B
Year Built
2001
Price
$6,000,000
Price Per SF
$384.22
Cap Rate
7.50%
NOI
$450,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.49 AC
Zoning
C-1, Tucson
Parking
95 Spaces (6.61 Spaces per 1,000 SF Leased)
Frontage
300’ on Campbell

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • -
  • -
  • Double Net
  • Jun 2031

Walgreens, founded by Charles Rudolph Walgreen in 1901 in Chicago, is a major U.S. pharmacy and retail chain operating under the publicly traded parent, Walgreens Boots Alliance (NASDAQ: WBA). Headquartered in Deerfield, Illinois, it provides prescription services, health and wellness products, photo services, and expanded healthcare offerings including immunizations and diagnostic screenings. As of late 2025, the company operated thousands of retail locations across the United States and Puerto Rico, serving roughly 78% of Americans within five miles of a store. Walgreens maintains omnichannel operations—blending in-store, online, drive-thru, and home delivery services—and has strategic healthcare partnerships, notably with VillageMD. Under the direction of new CEO Mike Motz, following the August 2025 purchase by Sycamore Partners, Walgreens continues to emphasize core pharmacy execution, digital innovation, and integrated care solutions.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer - - Double Net Jun 2031
Walk Score®
Very Walkable (80)
Bike Score®
Biker's Paradise (95)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

First Watch
Bank of America
WaFd Bank
Five Guys
Flower Child
Starbucks
World Gym
Albertsons
Safeway
Orangetheory Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
112-05-052D
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$462,555
  • Listing ID: 39002653

  • Date on Market: 1/7/2026

  • Last Updated:

  • Address: 3180 N Campbell Ave, Tucson, AZ 85719

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