Gilbert, AZ 85297

Walgreens

Property Address

3233 East Germann Road, Gilbert, AZ, USA

Offering Summary

  • Price: $7,037,000
  • Lot Size: 2.34 Acres
  • Cap Rate: 5.40%
  • Year Built: 2022
  • Building SF: 14,820
  • Status: In Escrow
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  • Absolute Triple-Net (NNN) Corporate Lease
  • 7.5 Years Remaining on Lease Term
  • 214,390 Residents within a Five-Mile Radius - Growing Trade Area in Phoenix MSA
  • Households and Population Projected to Increase 14-16% in Surrounding Area by 2026
  • Signalized Hard Corner Location, Visible to 57,500+ Cars/Day at the Intersection of East Germann Road and South Higley Road
  • Close Proximity to National Retailers - CVS, Dollar Tree, EoS Fitness, Fry's Food And Drug, Jack in the Box, Sonic Drive-In, and More
  • Average Household Income Exceeds $136,000 within a One-Mile Radius
  • Three Miles from the Loop 202 Freeway, a Major Connector for the Phoenix Area
  • Strong Daytime Population - 165,604 Employees within Five Miles of the Site
  • Minutes from Arizona State University's Polytechnic Campus (5,500+ Students)

Broker Information