Your email has been sent.
6739 W Cactus Rd 15,187 SF Retail Building Peoria, AZ 85381 $6,225,975 CAD ($409.95 CAD/SF) 7.40% Cap Rate
Investment Highlights
- Heavy Traffic
- Partially Stabilized Medical / Office Investment with Lease-Up Upside
- Freestanding
- Approximately 5,000 SF remains as shell space, allowing an investor to create additional value through leasing or build-out.
Executive Summary
Former Walgreens Conversion
Property Overview
Property Type: Office / Medical?Total Building Size: 15,187 SF?Built-Out Space: 10,187 SF (Telemedicine / Office)?Available Shell Space: 5,000 SF?Zoning: General Commercial (GC)?Price: $4,500,000
This property is a former Walgreens building that has been partially converted into professional medical/office space, with the remaining shell space providing a value-add leasing opportunity.
Financial Overview
Metric Amount
Asking Price $4,500,000
Total Building Size 15,187 SF
Price Per SF $296/SF
Market Rent $22/SF
Potential Stabilized Income $334,114
Projected Stabilized Cap Rate 7.4%
Income Analysis
Built-Out Space Income Potential
10,187 SF × $22/SF
= $224,114 per year
Shell Space Income Potential
5,000 SF × $22/SF
= $110,000 per year
Total Stabilized Income
$224,114 + $110,000
= $334,114 annually
Stabilized Cap Rate
Cap Rate Formula
NOI ÷ Purchase Price
$334,114 ÷ $4,500,000
= 7.42% Cap Rate
Value-Add Component
Approximately 5,000 SF remains as shell space, allowing an investor to create additional value through leasing or build-out.
Space Income Potential
Existing built-out space $224,114
Lease-up of shell $110,000
Total stabilized income $334,114
Investment Highlights
• Former Walgreens adaptive reuse building?• 10,187 SF fully built-out telemedicine / office space?• 5,000 SF shell value-add opportunity?• Strong $22/SF office/medical rental market?• Large floorplate building difficult to replicate today?• Attractive $296/SF acquisition price
Ideal Users
The property is well suited for:
• Telemedicine providers?• Behavioral health clinics?• Urgent care / specialty medical?• Professional office users?• Education / training centers?• Government agencies
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Signage
- Signalized Intersection
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Cet ancien Walgreens a été transformé en un magnifique espace de bureau idéal pour un usage médical, bureau ou espace flexible, situé à l'angle sud-ouest de 67th Ave et Cactus. La partie de 10 188 pieds carrés a été rénovée, tandis que l'espace de 5 000 pieds carrés est une coquille qui peut être louée en tant que bâtiment entier ou en suites individuelles. L'intérieur spacieux peut être adapté à divers besoins commerciaux. Vous y trouverez plusieurs bureaux, une grande salle de conférence et plusieurs toilettes. Les sols recouverts de moquette ajoutent également une touche de confort. L'extérieur offre un vaste stationnement pour accueillir le personnel et les visiteurs. Facilement accessible, cet espace offre un énorme potentiel de personnalisation.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 15,120 SF | Retail | - | Now |
1st Floor
| Size |
| 15,120 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 15,120 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Cet ancien Walgreens a été transformé en un magnifique espace de bureau idéal pour un usage médical, bureau ou espace flexible, situé à l'angle sud-ouest de 67th Ave et Cactus. La partie de 10 188 pieds carrés a été rénovée, tandis que l'espace de 5 000 pieds carrés est une coquille qui peut être louée en tant que bâtiment entier ou en suites individuelles. L'intérieur spacieux peut être adapté à divers besoins commerciaux. Vous y trouverez plusieurs bureaux, une grande salle de conférence et plusieurs toilettes. Les sols recouverts de moquette ajoutent également une touche de confort. L'extérieur offre un vaste stationnement pour accueillir le personnel et les visiteurs. Facilement accessible, cet espace offre un énorme potentiel de personnalisation.
Nearby Major Retailers
Property Taxes
| Parcel Number | 143-05-002W | Total Assessment | $473,542 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2026 |
Property Taxes
Presented by
6739 W Cactus Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.