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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.

WalgreensTucson - LA - DIGITAL

Property Facts

Sale Type

Investment

Sale Condition

1031 Exchange

Property Type

Retail

Property Subtype

Drug Store

Building Size

15,616 SF

Building Class

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

Bus Line
Pylon Sign

Signage

Signalized Intersection

Drive Thru

Major Tenants

Retailer
-
-
Double Net
Jun 2031

Walgreens is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.