Phoenix, AZ 85014

Walgreens

Property Address

6838 North 7th Street, Phoenix, AZ, USA

Offering Summary

  • Price: $7,680,000
  • Lot Size: 1.09 Acres
  • Cap Rate: 6.25%
  • Year Built: 2002
  • Building SF: 14,490
  • Status: In Escrow
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  • Absolute Triple-Net (NNN) Lease with Walgreens – Investment Grade Tenant
  • 8 Years Remaining on Lease Term
  • Excellent Hard Corner Location – 60,000+ CPD at the 7th Street and Glendale Avenue Intersection
  • Easily Accessible from the AZ-51 Freeway and I-17 Freeway
  • Dense Infill Location - 384,403 Residents in 5-Mile Radius
  • Across from Safeway-Anchored Center
  • Central Location – Minutes to Grand Canyon University, Downtown Phoenix, Biltmore Fashion Park, and More
  • Average Household Income Exceeds $103K in Immediate Area
  • Strong Daytime Population - 498,850+ Employees in Surrounding Area

Broker Information