20266 N Lake Pleasant Rd - Drug Store FOR SALE


Peoria, AZ 85382
$3,882,920 USD
513-300-0763
20266 N Lake Pleasant Rd, Peoria, AZ for Sale
$3,882,920 USD
Drug Store - FOR SALE
1/5
null | 6.75% Cap Rate

20266 N Lake Pleasant Rd
Peoria, AZ 85382


HIGHLIGHTS

  • Rare Village Medical Location | Absolute NNN - Lease First option period exercised with no rental concessions Strong Residential Demographics in Area
  • 13,000+ residents in 1 mile with $101,000+ avg HH income Situated Near National Retailers Within 1 mile of Walmart Supercenter - 80th percentile per
  • Proximity to 8,000-Acre Peoria Innovation Core Economic Hub | $7B Amkor Semiconductor campus - 3,000 new jobs
  • Hard Corner Positioning | Large 2+ Acre Parcel | Daily exposure to 41,000+ vehicles | Positioned Amongst 18,000+ Employees
  • Near Banner Boswell Medical Center Sun City - 525 beds, 1,200+ employees |The Property occupies the hard corner of N Lake Pleasant Road.
  • 41,000+ vehicles per day passing the site and dedicated ingress/egress access points on both roadways.

OVERVIEW

The Property features a freestanding 15,000 SF building on a 2.16-acre corner parcel, providing strong intrinsic value and residual real estate within a built-out, high-barrier submarket. The Property features a co-located Village Medical clinic, a designation held by approximately 200 Walgreens locations nationwide, selected on trade area demographics and store performance. The buildout provides for recurring patient traffic that supports pharmacy and front-of-store volume. The Property is subject to a long-term Absolute NNN lease with Walgreens which provides for zero landlord responsibilities and a completely passive investment, with the Tenant responsible for all real estate taxes, insurance, maintenance, and structural obligations. Walgreens recently exercised their first option period with no rental concessions, demonstrating their ongoing commitment to this location and the surrounding Peoria market.

FOR SALE DETAILS

PRICE

$3,882,920 USD

PRICE/SF

$258 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | Rare Village Medical Location -AZ

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

76

LAND DETAILS

LAND ACRES

2.16 AC

LAND SF

94,081 SF

ZONING

C-2, Peoria

APN/PARCEL ID

200-14-003V

ASK ABOUT THIS PROPERTY

Brian BrockmanBang Realty, IncMore Info
513-300-0763

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Brian BrockmanBang Realty, IncMore Info
513-300-0763

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