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2785 N Pinal Ave
Casa Grande, AZ 85122
Walgreens · Retail Property For Sale

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Investment Highlights

  • Absolute NNN lease with zero landlord obligations
  • Located in a top 5 fastest-growing Arizona community
  • Surrounded by 7,400 planned residential units
  • Walgreens corporate guarantee ensures stability
  • Across from a high-performing Fry’s Marketplace

Executive Summary

This offering presents a rare opportunity to acquire an absolute NNN leasehold interest in a Walgreens location strategically positioned in Casa Grande, one of Arizona’s fastest-growing communities. The property benefits from a corporate-guaranteed lease by Walgreens (NASDAQ: WBA), ensuring long-term stability with zero landlord responsibilities. Situated along Pinal Avenue, which sees over 19,000 vehicles per day, the site enjoys exceptional visibility and accessibility.
Casa Grande is a booming submarket ranked among the Top 5 fastest-growing communities in Arizona, with projected job growth of nearly 54% over the next decade. Major employers such as Lucid Motors, Kohler, and semiconductor suppliers have invested billions in the area, fueling demand for retail and housing. The property is directly across from a top-performing Fry’s Marketplace, creating strong retail synergy and drawing over 1.6 million annual visitors.
Surrounding development includes 7,400 residential units planned or under construction within five miles, reinforcing long-term consumer demand. With proximity to I-8, I-10, Union Pacific Railroad, and three international airports within an hour, Casa Grande serves as a critical logistics and manufacturing hub between Phoenix and Tucson. This investment combines secure income, prime location, and exposure to one of Arizona’s most dynamic growth corridors.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,736 SF
Building Class
B
Year Built
2008
Price
$3,280,920 CAD
Price Per SF
$222.65 CAD
Cap Rate
7.41%
NOI
$243,227 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
2.04 AC
Parking
62 Spaces (4.21 Spaces per 1,000 SF Leased)
Frontage
101’ on Mccartney Rd

Amenities

  • Dedicated Turn Lane
  • Signage
  • Signalized Intersection
  • Drive Thru

Property Taxes

Property Taxes

Parcel Number
504-31-704
Land Assessment
$607,401 CAD
Improvements Assessment
$2,291,948 CAD
Total Assessment
$2,899,349 CAD
  • Listing ID: 32391709

  • Date on Market: 2024-07-09

  • Last Updated:

  • Address: 2785 N Pinal Ave, Casa Grande, AZ 85122

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