1616 E Thomas Rd - Retail FOR SALE


Phoenix, AZ 85016- Encanto
$4,906,000 USD
480-221-4221
1616 E Thomas Rd, Phoenix, AZ for Sale
$4,906,000 USD
Retail - FOR SALE
1/8
null | 6.5% Cap Rate

1616 E Thomas Rd
Phoenix, AZ 85016
Encanto


HIGHLIGHTS

  • 13 Years Remaning | Long-Term Passive Investment
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Signalized Hard Corner Location | Strong Visibility & Access
  • Medical Demand Driver | Proximity to Phoenix Children’s Hospital | Established Retail Corridor | Dense Commercial Activity
  • Dense Infill Demographics | Growing Urban Core
  • Phoenix MSA Advantage | Nation-Leading Growth Market

OVERVIEW

• 13 years remaining with twelve (12) 5-year renewal options • 5% rent increases every 5 years during base term and options • Corporate-backed lease (Walgreens Co.)

FOR SALE DETAILS

PRICE

$4,906,000 USD

PRICE/SF

$354 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | 13yr Corp Abs NNN | DriveThru

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Drug Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

89

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,586 SF

ZONING

-

APN/PARCEL ID

119-33-134

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.