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9230 E Broadway Rd 13,504 SF Retail Building Mesa, AZ 85208 $3,150,000 ($233.26/SF) 6.70% Cap Rate

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Investment Highlights

Premier Hard-Corner Location | ±2.00 Acres
High-Traffic, Dense Trade Area
Across the Street from Fry’s Anchored Retail Center & Other National Retailers

Redevelopment & Future Value Potential | Significant 33% Rent Escalation in 1st Renewal
Passive In-Place Lease Structure
Direct Access to Loop 202 Freeway

CVS OM Mesa, AZ-compressed

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

13,504 SF

Building Class

Year Built

2004

Price

$3,150,000

Price Per SF

$233.26

Cap Rate

6.70%

NOI

$211,050

Tenancy

Single

Building Height

1 Story

Building FAR

0.16

Lot Size

2.00 AC

Zoning

C-N

Frontage

89’ on E Broadway

Retailer
-
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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.