Walgreens 4760 Val Vista dr 10,000 SF Retail Building Gilbert, AZ 85297 $7,343,000 ($734.30/SF) 7% Cap Rate

- Single-tenant Walgreens investment opportunity featuring a 15-year absolute triple-net (NNN) lease with ±14 years remaining and seven (7), five (5) year options.
- This is a rare new-construction Walgreens in the Phoenix MSA, the first in the last decade, showcasing their belief that this will be a successful store for them.
- Walgreens is the largest retail, health, pharmacy, and daily living destination across the United States and Europe. Walgreens was recently acquired by Sycamore Partners, a private equity firm based in New York specializing in consumer, distribution, and retail-related investments with portfolio revenues of approximately $200 billion.
- The Property is located on a ±1.38-acre hard corner at the signalized intersection of Val Vista Dr & Queen Creek Rd (±45,074 VPD).
- Directly across the street from the Property is the new Harvest Grove master-planned community. This 311-acre development will include ±965 single-family homes, ±713 multi-family units, a grocery anchored shopping center, as well as additional retail and restaurant space.
- ±1 mile north of the Property is The Gilmore, a ±35-acre mixed-use development that will feature a Safeway grocery anchored shopping center, ±300 multi-family units, a ±105-room hotel, as well as additional retail and restaurant space.
- ±1 mile north of the Property is the new $125M Mercy Center development, which features a two-story, flagship Starbucks, two hotels, the regional headquarters for Bell Bank, and numerous additional national retailers.
- Perry High School (±2,601 students) is directly across the street and Campo Verde High School (±1,925 students) is ±4 minutes north.
±5 minutes north of the Property is Dignity Health’s Mercy Gilbert Medical Center (±197 beds, ±1,400 employees, ±1,000 physicians).
- This location boasts strong demographics with an average household income of ±$200,786 and a total population of ±91,171 in a 3-mile radius.