Walgreens | Low Rent | Strong Sales | Phoenix MSA
8310 W Deer Valley Rd, Peoria, AZ 85382
Price: $3,843,000
Status: Sold
Cap Rate: 6.00%
Year Built: 1999
NOI: $230,586
Lot Size: 2.08 acres
Price Per Foot: $254
Lease Type: Triple-Net (NNN)
Remaining Term: 13 Years
GLA: 15,120 sqft
Property Intro
Lee & Associates are pleased to present the opportunity for a qualified investor to acquire Fee Simple interest (land & building) in Walgreens “Subject Property”, located at 8310 W Deer Valley Rd, Peoria, Arizona. Built in 1999, the Subject Property consists of a 15,120 square foot drive-through building that resides on a 2.08-acre parcel. Walgreens recently signed an early lease extension, and now has 13 Years remaining on an Absolute-NNN Lease.
investment highlights
- Low Rent ($15 PSF) – Assures Long-Term Profitability at this Location & Mitigates Future Vacancy Risk
- Strong Reported Sales Figures – Ideal 10% Rent to Sales Ratio – Low Occupancy Cost
- Shadow Anchored by Two High Performing Grocery Anchored Shopping Centers – 1.9 Million Annual Visitors Combined – (Placer.Ai)
- Walgreens Co. – Investment Grade Credit – Absolute Triple-Net (NNN) Lease- Zero Landlord Responsibilities
- Recent Early 10-Year Lease Extension | Long Term Site Commitment
- Signalized Hard Corner Location – Located at Major Intersection of W Deer Valley Rd & N. 83rd Ave (43,000 VPD)
listing agents
