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CVS 6650 W Lower Buckeye Rd 13,050 SF Retail Building Phoenix, AZ 85043 $8,113,988 CAD ($621.76 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Located in Phoenix – One of the Nation’s Premier Growth Markets – Phoenix continues to experience strong population growth
- Large Parcel Size with Strong Real Estate Fundamentals – The property sits on a large parcel, providing strong underlying real estate value
- Strong Surrounding Demographics – The property is supported by strong local demographics including over 12,000 residents within a 1-mile radius
- Surrounded by Major Industrial and Residential Development – The property is located along the Lower Buckeye Road and Loop 202 corridor
- High Traffic Retail Corridor – The property benefits from strong traffic counts of approximately 35,270 vehicles per day, providing excellent visibili
- Passive Absolute NNN Investment – The property operates as an absolute NNN investment, providing passive ownership with no landlord responsibilities
Executive Summary
David Harrington
License # CO701910000, BR715518000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
License # CO701910000, BR715518000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,050 SF
Building Class
B
Year Built
2006
Price
$8,113,988 CAD
Price Per SF
$621.76 CAD
Cap Rate
7.75%
NOI
$628,834 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.25 AC
Opportunity Zone
Yes
Frontage
Amenities
- Signage
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 104-37-633 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $700,837 CAD |
Property Taxes
Parcel Number
104-37-633
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$700,837 CAD
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CVS | 6650 W Lower Buckeye Rd
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