Arbor Realty Capital Advisors, Inc. in association with Peach Properties HM, Inc (“Broker”) is pleased to exclusively present for sale a top-performing Walgreens located at 4249 W. Glendale Avenue in Phoenix, Arizona (the “Subject Property”). According to Placer.ai data, this asset represents one of the strongest locations within the Walgreens national portfolio, underpinned by exceptional traffic counts exceeding 72,000 vehicles per day, high visibility, and a dominant corner position within a mature trade area. The immediate surroundings include dense residential neighborhoods, established national retailers, and a stable, diverse consumer base — all supporting the store’s consistent performance and long-term viability.
Walgreens executed a new 15-year absolute NNN lease in July 2021, underscoring its commitment to the site and confidence in its continued success. The lease provides for 5% rent increases every five (5) years throughout both the initial term and each of twelve (12) five-year renewal options, offering investors predictable rent growth and potential income longevity extending up to 75 years. The property currently has over 10.5 years remaining on the base term and is approaching its first scheduled rental increase in July 2026.