180 N Dobson Rd - Drug Store FOR SALE


Chandler, AZ 85224- North Chandler
$4,329,733 USD
513-300-0763
180 N Dobson Rd, Chandler, AZ for Sale
$4,329,733 USD
Drug Store - FOR SALE
1/3
null | 9% Cap Rate

180 N Dobson Rd
Chandler, AZ 85224
North Chandler


HIGHLIGHTS

  • Scheduled 5% rent increase in 2029 from the current $389,675.76 annually, to $409,159.56.
  • Less than 1 mile from Chandler Regional Medical Center (429 Beds).
  • Located 2 Miles NE from where Loop 101/202 Intersect. Located on the corner of N Dobson Rd and W Chandler Blvd, combining for over 61K VPD.
  • 4.6 million square feet of existing retail space within 2 miles of the property.
  • New Multi-Family developments ‘Alta Uptown’ and ‘Encore Novo’, bringing over 630 units to market.
  • 4.5 miles north of Intel's semiconductor campus (10,000 employees).

OVERVIEW

We are pleased to market for sale the leasehold interest for the CVS property located at 180 N Dobson Road in Chandler, Arizona ("The Property"). CVS has been successfully operating at this location for over 15 years and has over 8.5 years remaining in the primary term. The lease calls for 8 (5-year) options with 5% rental increases in the first two option periods. The property is on an absolute net lease with no landlord obligations whatsoever. The Property is located 2 miles northeast of where Loop 101 and Loop 202 intersect, at the signalized hard corner of North Dobson Road and West Chandler Boulevard, with a combined traffic count that exceeds 61,000 vehicles per day. It benefits from its placement in a dense retail corridor with over 4.6 million square feet of existing retail space within 2 miles, anchored by major national tenants such as Home Depot, Lowe’s, TJ Maxx, and Nordstrom Rack. Within the immediate trade area, there is a population of over 127,000 residents within a 3-mile radius, and the average household income exceeds $105,000. The area is also seeing continued residential growth, with over 630 new housing units recently completed across projects such as Alta Uptown and Encore Novo, both located within 3.5 miles of the Property. Situated within the Phoenix Metropolitan Statistical Area (MSA), Chandler ranks as one of the region's fastest-growing suburbs. The Property is positioned just 4.5 miles north of Intel’s major semiconductor campus, which employs over 10,000 individuals and has spurred numerous supplier and tech company relocations to the area. The Property is located less than 1-mile from Chandler Regional Medical Center—a 429-bed facility and part of the Dignity Health system—making it the closest pharmacy provider for one of the region’s largest hospitals and supporting steady foot traffic and prescription volume at this location.

FOR SALE DETAILS

PRICE

$4,329,733 USD

PRICE/SF

$329 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Phoenix MSA CVS | 5% Rent Increase in 2029

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.23 AC

LAND SF

96,945 SF

ZONING

PAD

APN/PARCEL ID

303-63-299

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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