Walgreens

2707 W Carefree Hwy, Phoenix, AZ
Deal Type:
Net Lease
Price:
$7,410,000
Cap Rate:
5%
Current Rent:
$370,500
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 15 years
Renewal Options:
12 x 5 year options
Building Sq. Ft.:
14,820 sf
Rent Increases:
5% every 5 years
Site Size:
1.78 acres

Investment Highlights

  • High Income Market of Phoenix | Average Household Incomes at nearly $130K
  • Property sits on a main retail corridor neighboring several major retailers: Home Depot, Kohls, Albertsons, In-N-Out, Bed Bath and Beyond and Wells Fargo
  • Located at Signalized intersection providing over 34,000 vpd on Carefree Hwy and property just west of the on/off ramps to Interstate 17 (79,500 VPD) the primary freeway connection to Downtown Phoenix
  • One of few Walgreens leases providing rental growth throughout the term
  • Walgreens has operated at this location for over 12 years

Listing Agents

Connor Shell

Managing Director
407 913 9009
Connor@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

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