180 N Dobson Rd
Chandler, AZ 85224
Phoenix MSA CVS | 5% Rent Increase in 2029 · Retail Property For Sale

We are pleased to market for sale the leasehold interest for the CVS property located at 180 N Dobson Road in Chandler, Arizona ("The Property"). CVS has been successfully operating at this location for over 15 years and has over 8.5 years remaining in the primary term. The lease calls for 8 (5-year) options with 5% rental increases in the first two option periods. The property is on an absolute net lease with no landlord obligations whatsoever.
The Property is located 2 miles northeast of where Loop 101 and Loop 202 intersect, at the signalized hard corner of North Dobson Road and West Chandler Boulevard, with a combined traffic count that exceeds 61,000 vehicles per day. It benefits from its placement in a dense retail corridor with over 4.6 million square feet of existing retail space within 2 miles, anchored by major national tenants such as Home Depot, Lowe’s, TJ Maxx, and Nordstrom Rack.
Within the immediate trade area, there is a population of over 127,000 residents within a 3-mile radius, and the average household income exceeds $105,000. The area is also seeing continued residential growth, with over 630 new housing units recently completed across projects such as Alta Uptown and Encore Novo, both located within 3.5 miles of the Property.
Situated within the Phoenix Metropolitan Statistical Area (MSA), Chandler ranks as one of the region's fastest-growing suburbs. The Property is positioned just 4.5 miles north of Intel’s major semiconductor campus, which employs over 10,000 individuals and has spurred numerous supplier and tech company relocations to the area.
The Property is located less than 1-mile from Chandler Regional Medical Center—a 429-bed facility and part of the Dignity Health system—making it the closest pharmacy provider for one of the region’s largest hospitals and supporting steady foot traffic and prescription volume at this location.