1159 E Southern Ave | Mesa, AZ 85204
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- LoopNet Team
1159 E Southern Ave
Mesa, AZ 85204
Walgreens Phoenix MSA New Option Increases · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- STABLE INCOME CORPORATE GUARANTEE - Rental income guaranteed by Walgreens (S&P BBB-) investment grade Fortune 500 Company with over 9,277 locations.
- RARE 10% INCREASES IN THE SECOND AND THIRD OPTIONS - The lease allows for six (5-year) options with rare 10% increases in the second and third options
- ONE OF TWO STAND ALONE NATIONAL BRAND DRUGSTORES IN A 2-MILE RADIUS - One of only two stand alone national brand drugstores in a 2-mi radius.
- INFILL PHOENIX AREA LOCATION, OVER 400,000 RESIDENTS IN 5-MI RADIUS - Located in an infill area 19 miles SE of Phoenix 10th largest MSA in the US.
- RECENTLY EXERCISED OPTION - Recently exercised option, lease has 5 yrs on a double net lease, roof was replaced in 2018 and carries a warranty.
- TWO HOSPITALS WITHIN A 4 MI RADIUS - Two hospitals within a 4-mile radius, Banner Desert Medical Center (615 beds) and KPC Promise Hospital (48 beds).
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
13,905 SF
Building Class
B
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.02 AC
Zoning
C-2, Mesa
Parking
79 Spaces (5.68 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 139-14-304A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $563,088 |
PROPERTY TAXES
Parcel Number
139-14-304A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$563,088
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