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Former CVS 7434 W Indian School Rd 18,257 SF of Retail Space Available in Phoenix, AZ 85033
SUBLEASE HIGHLIGHTS
- Drive-thru
- Frontage and visibility
- Signalized Intersection
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 18,257 SF | Jan 2032 | Upon Request Upon Request Upon Request Upon Request | Modified Gross |
1st Floor
Positioned at a highly visible, signalized intersection in Phoenix’s dynamic West Valley, this freestanding retail building offers exceptional branding potential and convenience. Formerly a CVS, the property features a drive-thru lane, monument signage, and a layout designed for efficient customer flow. Its location on West Indian School Road ensures strong exposure to over 44,000 vehicles per day, while proximity to Desert Sky Mall and major arterial routes enhances accessibility and consumer traffic. The site spans approximately 1.82 acres and benefits from dense surrounding residential neighborhoods, multiple schools, and vibrant retail corridors. Less than three miles from both I-10 and Loop 101, the property provides seamless connectivity to the greater Phoenix metro area. Built in 2001, the structure offers modern construction standards and adaptability for a variety of retail concepts. With a sublease term extending through January 2032, this opportunity delivers long-term stability in a thriving trade area.
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Space In Need of Renovation
- Drive Thru
- Freestanding retail building with drive-thru
- Monument signage at a signalized intersection
- High traffic counts exceeding 44,000 VPD
- Immediate access to I-10
- Surrounded by dense residential
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 18,257 SF | Gross Leasable Area | 18,257 SF |
| Property Type | Retail | Year Built | 2001 |
| Property Subtype | Freestanding |
| Total Space Available | 18,257 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 18,257 SF |
| Year Built | 2001 |
ABOUT THE PROPERTY
Vacant CVS building. Freestanding with drive thru
- Signage
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
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Former CVS | 7434 W Indian School Rd
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