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CVS - Anthem, AZ 3610 W Anthem Way 16,784 SF Retail Building Anthem, AZ 85086 $5,446,000 ($324.48/SF) 6.50% Cap Rate
Investment Highlights
- Single-tenant CVS Pharmacy located in the master-planned community of Anthem, one of the strongest suburban submarkets in the Phoenix MSA
- CVS has operated at this site for approximately 25 years and just extended its lease through October 2031
- Strong demographics with approximately 48,000 residents and 11,200 employees within 5 miles
- Nationally recognized investment-grade tenant (S&P rated BBB), operating over 9,000 locations nationwide
- Large 2.59 acre parcel located at the main signalized intersection in the community with over 33,000 VPD
- Exceptionally high Average Household Income over $168,000 within 3 miles
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
16,784 SF
Building Class
B
Year Built
2001
Price
$5,446,000
Price Per SF
$324.48
Cap Rate
6.50%
NOI
$354,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.59 AC
Zoning
C-C
Parking
82 Spaces (4.89 Spaces per 1,000 SF Leased)
Amenities
- Signalized Intersection
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- 16,784 SF
- -
- Oct 2031
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | 16,784 SF | - | Oct 2031 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 203-03-302 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $532,340 |
Property Taxes
Parcel Number
203-03-302
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$532,340
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CVS - Anthem, AZ | 3610 W Anthem Way
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