Walgreens W 5 Increases High Performing Location — Sale in Coolidge, AZ
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Coolidge, AZ 85128
Investment Figures
- Cap rate
- 6.50%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
ABSOLUTE NET LEASE (NO LANDLORD RESPONSIBILITIES) 14 Years Remaining on Recently Signed 15-Year Term. Lease Features Rare 5% Rental Increases Every 5 Years. OUTPARCEL TO WALMART ANCHORED SHOPPING CENTER: Subject Property is Strategically Located at the Entrance of a Busy Walmart. STRATEGIC SIGNALIZED LOCATION WITH LIMITED WALGREENS COMPETITION IN IMMEDIATE TRADE AREA Walgreens is Located on North Arizona Blvd. which sees 15,367+ VPD. The Nearest Walgreens to Subject Property is 18 Miles Away which Allows this Location to Excel. PHOENIX MSA. The Phoenix MSA (Metropolitan Statistical Area) is One of the Fastest-Growing Regions in the U.S., Characterized by a Dynamic Economy, Diverse Industries, and a Rapidly Expanding Population. NEARBY TO THREE MAJOR SCHOOLS | 7,148 HOUSEHOLDS IN 5-MILE RADIUS Walgreens Business Benefits from Being Close to Three Schools Totaling 2,299+ Students. STRONG CORPORATE GUARANTY Walgreens Operates more than 9,000 Stores Across All 50 States, Puerto Rico, and the U.S. Virgin Islands. STRONG DEMOGRAPHICS IN 10-MILE TRADE AREA The 10-Mile Trade Area Supports Over 66,641+ Residents with an Average Household Income Exceeding $75,000. Investment Highlights: • Absolute Net Lease (No Landlord Responsibilities) • Outparcel To Walmart Anchored Shopping Center • Strategic Signalized Location With Limited Walgreens Competition In Immediate Trade Area • Phoenix MSA • Nearby To Three Major Schools | 7,148 Households In 5-Mile Radius • Strong Corporate Guaranty • Strong Demographic In 10-Mile Trade Area
Market Context
This retail in Coolidge, AZ is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Coolidge, AZ — view the full market.
Contact
- Peter Deltondo · (949) 419-3200 · peter.deltondo@marcusmillichap.com
- Ryan Sarbinoff · (602) 687-6700
- Ronald J. Balys · (716) 445-7581 · ron.balys@marcusmillichap.com
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