Glendale, AZ 85305

Walgreens

Property Address

8309 West Glendale Avenue, Glendale, AZ, USA

Offering Summary

  • Price: $3,436,000
  • Lot Size: 2.12 Acres
  • Cap Rate: 5.50%
  • Year Built: 2001
  • Building SF: 15,022
  • Status: In Escrow
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  • 5 Years Remaining on Lease Term with Walgreens (Corporate Guaranty)
  • Rent is Only $12.58 Per Square Foot
  • Strong Reported Store Sales at Location
  • Committed Tenant at Location since 2005 with Lease Renewal Options until 2061
  • 389,490 Residents within a 5-Mile Radius - Phoenix MSA
  • Located within 1 Mile of Major National Retailers - Walmart, O'Reilly Auto Parts, McDonalds, Subway, Target, Kohl's and More
  • Excellent Visibility on the Signalized Intersection of West Glendale Avenue (22,860 Cars/Day) and 83rd Avenue (13,612 Cars/Day)
  • Situated Down the Street from Westgate Entertainment District, Tanger Outlets Shopping Mall, and State Farm Stadium
  • 1 Mile Off the Loop 101 Freeway, a Major Phoenix Area Connector (117,000+ Cars/Day)
  • Average Household Income Exceeds $83,000 within 1-Mile of Location

Broker Information