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9233 E Guadalupe Rd
Mesa, AZ 85212
Walgreens · Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • Absolute NNN Lease – Zero Landlord Responsibilities
  • Below-Market Rental Income
  • Key Intersection

EXECUTIVE SUMMARY

- Excellent Network Spacing – The spacing of other nearby Walgreens and CVS stores promotes this to be a key location for either brand well into the future.
- Long-Term Operating History & Stability – An occupant since 2003 with 2 years remaining through Feb. 2028, the store ranks in the 40 to 41 percentile of the 217 AZ and 7,190 U.S. stores, respectively.
- Key Intersection – Gateway to Williams Gateway Airpark and the 3,200-acre Eastmark community, with strong and growing traffic (+41,726 VPD) and daytime population.
- Upscale Demographics – ±234,624 people, average household incomes of $119,959, and a daytime population of ±201,484 people within 3 miles.
- Absolute NNN Lease – Zero Landlord Responsibilities – Tenant covers all taxes, insurance, roof, structure, and site maintenance—true passive investment.
- +14,560 SF Freestanding Building – Situated on a prominent and expansive corner parcel with excellent visibility and ingress/egress.
- Essential Retail Use – Pharmacy tenants remain stable across market cycles and are critical to daily consumer needs.
- Below-Market Rental Income – Current rent is $339,976 annually ($28,331/month) with 10, five-year renewal options at the same rate.
- Fee Simple Ownership – Land and improvements included, no ground lease complications.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,560 SF
Building Class
B
Year Built
2003
Price
$4,640,000
Price Per SF
$318.68
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.37 AC
Zoning
LC PAD, Mesa - Commercial
Parking
73 Spaces (5.08 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
304-02-771
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$454,376
  • Listing ID: 39084348

  • Date on Market: 1/14/2026

  • Last Updated:

  • Address: 9233 E Guadalupe Rd, Mesa, AZ 85212

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