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3502 W Camelback Road - Walgreens, Phoenix, AZ

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3502 W Camelback Road - Walgreens

Phoenix, AZ 85019-2707 - West Phoenix/Maryvale Ret Submarket

Property Type:Retail Sub Type:Drug Store Status:Existing Year Built:2000
Building Size:15,120 SF Land Area:1.84 AC (80,081 SF)
For Sale Price:$5,770,000 Price/SF:$381.61
Cap Rate:6.50 %
Parking:68 Surface spaces are available; Ratio of 4.5/1,000 SF
Features:Signage, Drive Thru

Sale Notes:
Walgreens operates the largest drug retailing chain in the United States of America. As of February 29, 2016, the company operated 8,177 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The company is a global leader in pharmacy-led, health and wellbeing retail with over 13,100 stores in 11 countries.

The property is situated on the northwest corner of Camelback Road and 35th Avenue. Camelback Road is a prominent street in the metropolitan area. The street stretches from Scottsdale in the east to Litchfield Park in the west, and in the process runs through the city of Phoenix. The property is located in between US Route 60 and Interstate 17, both major key connectors through the metropolitan area. Walgreens is adjacent to Grand Canyon University, a regionally accredited University by the Higher Learning Commission with over 10,600 on-campus students, and 55,500 total enrolled students

• Walgreens Corporate Lease with Minimal Landlord Responsibilities
• Excellent Hard Corner and High Visibility
• Strong Sales
• Adjacent to Expanding Grand Canyon University (10,600 Students)
• Close Proximity to US Route 60 and I-17 - Major Connectors through the
Metropolitan Area
• Densely Populated Phoenix MSA - Over 500,000 Residents within a 5-Mile Radius
• Close Proximity to Christown Spectrum Mall - A 1.4 Million-Square-Foot
Power Center Located Approximately Th ree Miles North of the Property

Marcus & Millichap Inc
Jamie Medress
(602) 687-6778

Henry Kerson
(602) 687-6700

Mark Ruble
(602) 687-6766 x6766

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