6640 W Happy Valley Rd - Drug Store FOR SALE


Glendale, AZ 85310
$5,153,000 USD
714-504-0262
6640 W Happy Valley Rd, Glendale, AZ for Sale
$5,153,000 USD
Drug Store - FOR SALE
1/6
null | 6.5% Cap Rate

6640 W Happy Valley Rd
Glendale, AZ 85310


HIGHLIGHTS

  • Established Walgreens Lease - tenant since 2002, and recently extended their lease with a firm 10-year commitment
  • Consistent Cash Flow - Walgreen's lease runs through September 30, 2085, with first option to terminate September 30, 2035
  • Prime Location - Located at the signalized intersection of W. Happy Valley Rd., and N. 67th Ave with traffic counts exceeding 64,000 CPD
  • Strong Co-Tenancy - other retailers at this immediate intersection include Walmart, Lifetime Fitness, Fry's Food and Drug, and many others

OVERVIEW

CBRE, Inc. is pleased to present an exciting single-tenant Walgreens investment opportunity at 6640 W. Happy Valley Rd., Glendale, Arizona. This property offers a stable and reliable income stream, making it an attractive option for passive investors seeking security in their investments. Walgreens, a well-established and trusted brand, ensures long-term tenancy and consistent cash flow. Properties of this quality and location are rare in Glendale, providing a unique opportunity for investors.

FOR SALE DETAILS

PRICE

$5,153,000 USD

PRICE/SF

$350 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

76

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

C-2, Phoenix

APN/PARCEL ID

201-35-071

ASK ABOUT THIS PROPERTY

Arthur FloresCBRE, Inc.More Info
714-504-0262

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Arthur FloresCBRE, Inc.More Info
714-504-0262

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