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9233 E Guadalupe Rd
Mesa, AZ 85212
Walgreens · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Absolute NNN Lease – Zero Landlord Responsibilities
- Below-Market Rental Income
- Key Intersection
EXECUTIVE SUMMARY
- Excellent Network Spacing – The spacing of other nearby Walgreens and CVS stores promotes this to be a key location for either brand well into the future.
- Long-Term Operating History & Stability – An occupant since 2003 with 2 years remaining through Feb. 2028, the store ranks in the 40 to 41 percentile of the 217 AZ and 7,190 U.S. stores, respectively.
- Key Intersection – Gateway to Williams Gateway Airpark and the 3,200-acre Eastmark community, with strong and growing traffic (+41,726 VPD) and daytime population.
- Upscale Demographics – ±234,624 people, average household incomes of $119,959, and a daytime population of ±201,484 people within 3 miles.
- Absolute NNN Lease – Zero Landlord Responsibilities – Tenant covers all taxes, insurance, roof, structure, and site maintenance—true passive investment.
- +14,560 SF Freestanding Building – Situated on a prominent and expansive corner parcel with excellent visibility and ingress/egress.
- Essential Retail Use – Pharmacy tenants remain stable across market cycles and are critical to daily consumer needs.
- Below-Market Rental Income – Current rent is $339,976 annually ($28,331/month) with 10, five-year renewal options at the same rate.
- Fee Simple Ownership – Land and improvements included, no ground lease complications.
- Long-Term Operating History & Stability – An occupant since 2003 with 2 years remaining through Feb. 2028, the store ranks in the 40 to 41 percentile of the 217 AZ and 7,190 U.S. stores, respectively.
- Key Intersection – Gateway to Williams Gateway Airpark and the 3,200-acre Eastmark community, with strong and growing traffic (+41,726 VPD) and daytime population.
- Upscale Demographics – ±234,624 people, average household incomes of $119,959, and a daytime population of ±201,484 people within 3 miles.
- Absolute NNN Lease – Zero Landlord Responsibilities – Tenant covers all taxes, insurance, roof, structure, and site maintenance—true passive investment.
- +14,560 SF Freestanding Building – Situated on a prominent and expansive corner parcel with excellent visibility and ingress/egress.
- Essential Retail Use – Pharmacy tenants remain stable across market cycles and are critical to daily consumer needs.
- Below-Market Rental Income – Current rent is $339,976 annually ($28,331/month) with 10, five-year renewal options at the same rate.
- Fee Simple Ownership – Land and improvements included, no ground lease complications.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,560 SF
Building Class
B
Year Built
2003
Price
$6,442,733 CAD
Price Per SF
$442.50 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.37 AC
Zoning
LC PAD, Mesa - Commercial
Parking
73 Spaces (5.08 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 304-02-771 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $630,910 CAD |
PROPERTY TAXES
Parcel Number
304-02-771
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$630,910 CAD
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