3945 E Southern Ave
Phoenix, AZ 85040
Walgreens | Long Lease | Recent Extension · Retail Property For Sale

Walgreens is conveniently located at the signalized hard corner of East Southern Avenue and South 40th Street, with excellent visibility and access to 49,158 vehicles per day. Both Southern Avenue and 40th Street provide nearby access to Interstate 10 (210,731 AADT), which provides access to downtown Phoenix. The property is in a dense commercial region and is near several shopping centers and major national retailers. Less than three miles from the property is Arizona Mills, the state’s largest, indoor outlet, value-retail, and entertainment destination, with more than 185 retailers and unique entertainment and restaurant options like LEGOLAND Discovery Center, Sea Life Arizona, Rainforest Café, and the largest IMAX in the state of Arizona. Other nearby retail centers include Legacy Village, featuring Target and Fry’s Food and Drug, and the Marketplace at South Mountain, tenanted by Walmart Neighborhood Market and PetSmart. Walgreens is centrally located just minutes from downtown Phoenix; Phoenix Sky Harbor International Airport, which serves over 43 million passengers per year; downtown Tempe; and the Tempe campus of Arizona State University, which has an enrollment of 51,164 students. Due to its central location, the property is supported by a strong customer base comprised of working professionals, residents, students, and tourists. The property is near several major industrial parks, and 241,348 daytime employees work within a five-mile radius. Additionally, the property is located in a densely populated area, with 276,490 people living within five miles. Also nearby are a number of popular hotels and tourist attractions, including several golf courses, Phoenix Marriott Resort Tempe at The Buttes, and Tempe Diablo Stadium, the spring training home of the Los Angeles Angels baseball team.