9233 E Guadalupe Rd - Drug Store FOR SALE


Mesa, AZ 85212- East Mesa
$4,640,000 USD
602-531-5538
9233 E Guadalupe Rd, Mesa, AZ for Sale
$4,640,000 USD
Drug Store - FOR SALE
1/6
null | Request Cap Rate

9233 E Guadalupe Rd
Mesa, AZ 85212
East Mesa


HIGHLIGHTS

  • Absolute NNN Lease – Zero Landlord Responsibilities
  • Key Intersection
  • Below-Market Rental Income

OVERVIEW

- Excellent Network Spacing – The spacing of other nearby Walgreens and CVS stores promotes this to be a key location for either brand well into the future. - Long-Term Operating History & Stability – An occupant since 2003 with 2 years remaining through Feb. 2028, the store ranks in the 40 to 41 percentile of the 217 AZ and 7,190 U.S. stores, respectively. - Key Intersection – Gateway to Williams Gateway Airpark and the 3,200-acre Eastmark community, with strong and growing traffic (+41,726 VPD) and daytime population. - Upscale Demographics – ±234,624 people, average household incomes of $119,959, and a daytime population of ±201,484 people within 3 miles. - Absolute NNN Lease – Zero Landlord Responsibilities – Tenant covers all taxes, insurance, roof, structure, and site maintenance—true passive investment. - +14,560 SF Freestanding Building – Situated on a prominent and expansive corner parcel with excellent visibility and ingress/egress. - Essential Retail Use – Pharmacy tenants remain stable across market cycles and are critical to daily consumer needs. - Below-Market Rental Income – Current rent is $339,976 annually ($28,331/month) with 10, five-year renewal options at the same rate. - Fee Simple Ownership – Land and improvements included, no ground lease complications.

FOR SALE DETAILS

PRICE

$4,640,000 USD

PRICE/SF

$319 USD /SF

CAP RATE

Request Cap Rate

% 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

2003

SPRINKLERS

-

PARKING SPACES

73

LAND DETAILS

LAND ACRES

2.37 AC

LAND SF

103,237 SF

ZONING

LC PAD, Mesa

APN/PARCEL ID

304-02-771

ASK ABOUT THIS PROPERTY

Mindy KorthColliersMore Info
602-531-5538

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Mindy KorthColliersMore Info
602-531-5538

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