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Published on: Tuesday, September 3, 2024

Updated on: Tuesday, September 3, 2024

About the Lister

Name: Tim Westfall

Company: Echo West Capital Advisors

Office Phone: 602.628.6298

Cell Phone: 602.628.6298

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Walgreens (Leasehold Interest)

2785 N Pinal Ave Casa Grande Arizona , 85122

Echo West Capital Advisors
Listing ID: CL-Arizona-11666 Other/Retail

Purchase Option

Asking Price: $2,400,000.00

Acquisition Option: Traditional Purchase

Cap Rate (%): 7.41

Net Operating Income: $177,921.00

Quick Glance

Listing ID: CL-Arizona-11666

Status: Accepting Offers

Financing: Third Party Financing

Occupancy: N/A

Year Build: 2008

Building Size: 14,736.00 SqFt

Lot Size: 2.00 Acre

No of Stories: 1

No of Parking: N/A

Offer to Millionaire Club: No

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

Attached Documents

Listing Summary

Complete Details

Year Build: 2008

Building Size: 14,736 SqFt.

No of Stories: 1

Total Lot Area: 2 Acre

No of Parking: N/A

No of Total Units: 1

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: B

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 0%

Full Description

This property offers a prime investment with an Absolute NNN Leasehold Interest, requiring zero landlord responsibilities. The tenant, Walgreens (NASDAQ: WBA), covers all taxes, insurance, maintenance, and $140,000 annual ground rent. Situated in Casa Grande, Arizona—one of the fastest-growing communities in the state—the property benefits from a thriving local economy with major companies driving a projected job growth of 53.9% over the next decade. It's located across from a top-performing Fry’s Marketplace, which draws over 1.6 million visitors annually. Additionally, about 7,400 new residential units are planned or under construction nearby, enhancing the area's appeal. This combination of a strong corporate tenant, high-growth location, and robust real estate fundamentals makes this property a standout investment opportunity.

Additional Properties

Property Tenants

Offering features an absolute triple net lease with zero landlord responsibilities. The tenant is responsible for all taxes, insurance, maintenance, repair, operating costs, and ground rent payments ($140,000/year) associated with the property.
Lease is corporately guaranteed by Walgreens

Property Other Use

Pharmacy/Drug

Property Highlights

anked as one of the fastest growing submarkets in the state of Arizona with a population growth rate that has exceeded 8% year-over-year.

Additional Links

Social: https://www.linkedin.com/in/tim-westfall-4ba77315/

Contacts

No Additional Contacts.

Listing Location

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