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- LoopNet Team
Walgreens
Gilbert, AZ 85295
NNN- Strong Sales Trend- Growing Suburb · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long Term (8 Yrs.) Absolute NNN Fee Simple Lease by Walgreens (NYSE: WBA) - Market Cap $50B+
- Investment Grade Credit (S&P BBB) – 2nd Largest Pharmacy in the U.S. - 8,100+ Locations - Strong Sales
- Affluent Suburb of Phoenix/Huge Portion of Upscale Employers - One of Top Demo’s ($99,144 HHI)
- Strong Upward Trending Sales - Signalized Hard Corner (1.54 acres) along Higley/Williams Field Rd.
- Zero Landlord Duties - Drive-thru Lanes - Low Downside - Strong Real Estate Intricsics - Monument Signage
- Just off Hwy 202 Loop - Down from San Tan Village Shopping Center Super Walmart Anchored)
PROPERTY FACTS
ABOUT WALGREENS , GILBERT, AZ 85295
We are pleased to offer to qualified investors an opportunity to purchase an investment grade single tenant absolute NNN leased investment that is fully leased to Walgreen Co. with 8 years remaining on the original term and 10 - 5 year options. Comprising 14,490 square feet, the building is situated on a large 1.54 acre corner lot and is exceptionally well located along E. Williams Field Road and S. Higley Road in Gilbert, AZ. Furthermore, the subject property is located in close proximity to the regional power center SunTan Village Marketplace which contains major anchor tenants such as Walmart Supercenter, Sam’s Club, Costco, Dick’s Sporting Goods, Dillard’s, Macy’s, Bed Bath & Beyond, and more. This is a rare opportunity to purchase the second-largest pharmacy store chain in the U.S. (true investment grade tenant - “BBB” by S&P’s), with 8 years remaining on the original term, positioned in the main retail corridor, with zero landlord responsibilities and secure long term cash flow.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $33,591 | Total Assessment | $445,687 |
PROPERTY TAXES
