Phoenix Retail for Sale - Airport Area

Lee & Associates is pleased to present the opportunity to acquire a brand-new, single-tenant Black Rock Coffee Bar located at the SEC of 32nd St and Baseline Rd, in Phoenix, AZ. The property was recently completed in 2025 and secured with an Absolute NNN lease featuring a 15-year term with no landlord responsibilities, a corporate guaranty, and a double drive-thru designed for high-volume service. The site is positioned on Baseline Rd with ±59,112 VPD and is surrounded by established rooftops plus nearby residential activity, including Shadow Mountain Villas Condominiums (277 units) and The Raven Condominiums (161 units), with additional residential under construction. The property benefits from a dense consumer base with 510,542 people within 15 minutes and average household incomes of $113,838 (5 min) / $101,122 (10 min)—supporting daily coffee demand in a built-out, infill-style trade area with strong daytime drivers and established neighborhoods.

Date on Market:

2026-02-18

Gilbert Retail for Sale - Gateway Airport/Loop 202

- Single-tenant Walgreens investment opportunity featuring a 15-year absolute triple-net (NNN) lease with ±14 years remaining and seven (7), five (5) year options. - This is a rare new-construction Walgreens in the Phoenix MSA, the first in the last decade, showcasing their belief that this will be a successful store for them. - Walgreens is the largest retail, health, pharmacy, and daily living destination across the United States and Europe. Walgreens was recently acquired by Sycamore Partners, a private equity firm based in New York specializing in consumer, distribution, and retail-related investments with portfolio revenues of approximately $200 billion. - The Property is located on a ±1.38-acre hard corner at the signalized intersection of Val Vista Dr & Queen Creek Rd (±45,074 VPD). - Directly across the street from the Property is the new Harvest Grove master-planned community. This 311-acre development will include ±965 single-family homes, ±713 multi-family units, a grocery anchored shopping center, as well as additional retail and restaurant space. - ±1 mile north of the Property is The Gilmore, a ±35-acre mixed-use development that will feature a Safeway grocery anchored shopping center, ±300 multi-family units, a ±105-room hotel, as well as additional retail and restaurant space. - ±1 mile north of the Property is the new $125M Mercy Center development, which features a two-story, flagship Starbucks, two hotels, the regional headquarters for Bell Bank, and numerous additional national retailers. - Perry High School (±2,601 students) is directly across the street and Campo Verde High School (±1,925 students) is ±4 minutes north. ±5 minutes north of the Property is Dignity Health’s Mercy Gilbert Medical Center (±197 beds, ±1,400 employees, ±1,000 physicians). - This location boasts strong demographics with an average household income of ±$200,786 and a total population of ±91,171 in a 3-mile radius.

Property Subtype:

Drug Store

Date on Market:

2026-02-17

Tucson Retail for Sale - North Tucson/Oro Valley

10405 N. La Cañada Drive presents a compelling net lease investment opportunity in Oro Valley, Arizona, one of the safest and most established retirement communities in the Western United States. The property is secured by a long-term absolute NNN lease with Walgreens, providing passive income with no landlord responsibilities and built-in rental growth. Strategically positioned along a dominant retail corridor near a major signalized intersection, the site benefits from high-income demographics, strong national tenancy in the surrounding area, and proximity to country clubs and luxury resorts. With a drive-thru-equipped format, rare 5% rent increases every five years, and long-term renewal options, the offering is well suited for investors seeking durable cash flow, capital preservation, and a defensive 1031 exchange opportunity. Location Summary: Located in Oro Valley, an affluent suburban community within the Tucson, Arizona metropolitan area, the property is positioned along North La Cañada Drive, a primary retail corridor serving the northwest Tucson region. The site benefits from strong visibility, access, and proximity to a major signalized intersection, surrounded by national retailers and daily-needs services. Oro Valley’s reputation for safety, high household incomes, and limited commercial infill supports long-term retail demand and durable real estate fundamentals. The greater Tucson market provides regional connectivity and access to employment centers, healthcare institutions, and lifestyle amenities, while Oro Valley offers a distinct, upscale residential base anchored by master-planned communities, country clubs, and luxury resorts. This combination of metropolitan accessibility and submarket affluence creates a stable consumer base and reinforces the location’s longterm relevance for essential retail uses within a high-barrier desert market. *Showcased rent includes the scheduled increase effective February 2027*

Property Subtype:

Drug Store

Date on Market:

2026-02-13

Marana Retail for Sale - Northwest Tucson

Property Subtype:

Fast Food

Date on Market:

2026-02-11

Phoenix Retail for Sale - Deer Valley/Airport

Date on Market:

2026-01-30

Phoenix Retail for Sale - Deer Valley/Airport

Date on Market:

2026-01-30

Scottsdale Office for Sale - Scottsdale Airpark

Opportunity to purchase a freestanding building on Scottsdale Road with income! Tenant signed through July 2027, paying $4,750 NNN monthly, with no further options. Please DO NOT disturb Tenant. All showings must be scheduled through the Listing Broker. Can collect rent now while getting any plans approved for improvements to the property. Perfect for pre-school, architects, accounting or law office users. This property is a well-located residential property positioned along the highly desirable Scottsdale Road corridor, offering immediate access to premier retail, dining, and employment centers in both Scottsdale and North Phoenix. The property benefits from strong visibility, convenient freeway access, and proximity to upscale amenities, supporting long-term value in one of the metro area’s most established and sought-after locations.

Date on Market:

2026-01-28

Chandler Retail for Sale

Exclusively represented by ORION Investment Real Estate - Nick Miner, CCIM Recently taken over by Black Rock Coffee, formerly occupied by Ziggi’s Coffee. Strategically located within a high-traffic corridor, this site is surrounded by strong neighboring retail/traffic avenues, including CVS, Goodwill, Mesquite High School, Legacy Traditional School, Cobblestone Auto Spa, as well as growing residential communities and retail centers, driving consistent foot traffic and long-term demand. Situated just north of the McQueen Rd and Warner Rd intersection, this site offers outstanding visibility and exposure to over 50,000 vehicles per day. With convenient access from McQueen or Warner Rd., it’s an ideal location for maximizing presence in a high-demand trade area.

Property Subtype:

Fast Food

Date on Market:

2026-01-28

Tempe Retail for Sale - Airport Area

• Two fresh ten (10) year NN leases with O’Reilly Auto Parts (S&P: BBB) and Sherwin-Williams (S&P: BBB) • Adjacent to Arizona Mills (Simon owned mall), The Home Depot, the Arizona Grand Resort & Spa, etc. • Dense demos: approximately 19,969 people in a one mile radius and 116,139 in a three mile radius • $82k annual average household income in a 3 mile radius • 60,000+ vehicles per day at this intersection (approximately 42k on Baseline and 18k on Priest) • One block from the I-10 (157k+ vehicles per day)

Date on Market:

2026-01-23

Phoenix Retail for Sale - Glendale

PRICING - $1,732,000 CAP RATE - 4.85% NOI - $84,000 LEASE EXPIRATION - 6/30/2027 GUARANTEE - CORPORATE

Property Subtype:

Convenience

Date on Market:

2026-01-20

Surprise Retail for Sale - Loop 303/Surprise

• All of the tenants are on new, 10-year leases with 2 (5-Year) options to extend • All of the leases feature 10% rental increases every 5 years throughout the initial term and at the beginning of each option • The subject property is part of the new development “Cactus | 303”, which will feature several national tenants including In-N-Out, QuikTrip, Take 5, Discount Tire, Slim Chickens, Quick Quack Car Wash, and more • Surprise, Arizona is one of the fastest growing communities in the entire country • The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Costco Wholesale, Walmart Supercenter, Home Depot, Kohl’s, TJ Maxx, and more

Property Subtype:

Storefront

Date on Market:

2026-01-20

Tucson Retail for Sale - Central Tucson

3 tenant strip center

Property Subtype:

Storefront

Date on Market:

2026-01-17

Glendale Retail for Sale

- Single-tenant Fry’s Fuel Station Investment Opportunity featuring a brand-new 15-year absolute triple-net (NNN) lease with no landlord responsibilities, offering passive long-term income to ownership. - Fry’s is a subsidiary of Kroger (NYSE: KR), the largest pure-play grocer in the United States with ±2,694 supermarkets, ±1,723 fuel stations, ±405,000 employees, and ±$147.1 billion in total annual revenue. - Kroger has an S&P investment grade credit of BBB. - The Property is located on a large ±1.23-acre parcel with a dense population of ±203,533 in a 3-mile radius. - The Property boasts excellent visibility and frontage off 67th Ave (±22,334 VPD) and is just south of the intersection of Bethany Home Rd and 67th Ave (±48,023 VPD). - The Property features 12 fueling stations for a high volume of traffic. - There is a Fry’s grocery anchored shopping center at the intersection directly north of the Property, showcasing their success at and commitment to this location. - The Property is located ±8 minutes east of Westgate Entertainment District, which features over 533,000 square feet of retail, office, and residential space; State Farm Stadium, home of the NFL’s Arizona Cardinals (±73,000 seats); and Desert Diamond Arena (±18,300 seats). Westgate also features Tanger Outlets, which has over 90 brand name outlet stores. - VAI Resort, a $1 billion development that is currently under construction and set to open in 2026, is located ±8 minutes west of the Property. VAI Resort is the largest resort development in Arizona and will feature over 1,100 luxury hotel suites and rooms, a large state of the art 360-degree concert stage, 13 elevated fine dining concepts, as well as the Mattel Adventure Park, Arizona’s first fully themed indoor/outdoor amusement park.

Date on Market:

2026-01-15

Gilbert Retail for Sale - Gateway Airport/Loop 202

(Building & Land) Fee Simple

Property Subtype:

Restaurant

Date on Market:

2026-01-15

Mesa Retail for Sale - Gateway Airport/Loop 202

Property Subtype:

Drug Store

Date on Market:

2026-01-14

Mesa Retail for Sale - Superstition Corridor

Valvoline Inc. (NYSE: VVV) is an industry leader in automotive service innovations. With an average consumer rating of 4.6 out of 5 stars (based on a survey of more than 600,000 Valvoline Instant Oil Change customers annually), Valvoline upholds a legacy of transparency and convenience that simplifies consumers' lives. Mesa is the third largest city in Arizona, after Phoenix and Tucson, and the 38th largest city in the U.S. It is home to numerous higher education facilities, including the Polytechnic campus of Arizona State University. The city’s top employers include Banner Health, Boeing, Walmart, Fry’s Food & Drug, and The Home Depot.

Property Subtype:

Auto Repair

Date on Market:

2026-01-13

Fountain Hills Retail for Sale - Central Scottsdale

This property is located in Fountain Hills, AZ. It is a 4,740 SF Big O Tires which sits on 0.57 acres along N Saguaro Blvd with visibility to ~18,000 vehicles per day. Tenant recently signed a new 5-year absolute NNN lease, commenced on May 1, 2025, with $6,000 annual rent increases during the primary term. The lease also includes two 5-year renewal options with 2% annual increases each year.

Property Subtype:

Auto Repair

Date on Market:

2026-01-12

Phoenix Retail for Sale - Northwest Phoenix

On offer is a 6.04% Cap Triple Net Corporate Building Lease for a BMO Bank N.A. branch in Phoenix. BMO Bank N.A. boasts $290 Billion in Assets, a $93 Billion Market Capitalization, with this branch having $33.45 Million in Deposits. With a long-term Tenant on their first five-year Lease Extension, the Lease calls for seven more five-year Options. The property consists of a 5,965 SF building on a 60,197 SF lot, features three drive-thru tellers, and 70+ parking spaces. Positioned prominently on a signalized corner, the lot sits on a high traffic count road that that is less than a mile to Interstate 17 to the west and Highway 60 to the east. Car traffic at the property ranges from 51,000 to 55,000 per day in front of the building. While Phoenix ranks as the 5th largest U.S. city by population as of 2024, the 2024 Population Estimate for a 5-Mile Radius boasts 504,000 people, with 2029 Population Projections pushing closer to 545,000 people. This growth is driven in large part by the “Silicon Desert” expansion happening in the greater Phoenix area. Available is another BMO Bank N.A. Branch seven miles to the north. Building Square Footage is listed as 5,965 SF by the Assessor and 5,826 SF by the Lease.

Property Subtype:

Bank

Date on Market:

2026-01-09

Phoenix Retail for Sale - Northwest Phoenix

On offer is a 6.03% Cap Triple Net Corporate Building Lease for a BMO Bank N.A. branch in Phoenix. BMO Bank N.A. boasts $290 Billion in Assets, a $93 Billion Market Capitalization, with this branch having $50 Million in Deposits. With a long-term Tenant on their first five-year Lease Extension, the Lease calls for seven additional five-year Options. The property consists of a 4,358 SF building on a 39,640 SF lot and features three drive-thru tellers, and 34+ parking spaces. Positioned prominently on a high-traffic street with car counts ranging from 35,000 to 40,000 vehicles per day in front of the building (and similar counts at the nearest intersection) the property is located about a mile to Interstate 17. While Phoenix ranks as the 5th largest U.S. city by population as of 2024, the 2024 Population Estimate for a 5-Mile Radius boasts 443,000 people, with 2029 Population Projections pushing closer to 478,000 people. This growth is driven in large part by the “Silicon Desert” expansion happening in the greater Phoenix area. Available is another BMO Bank N.A. Branch seven miles to the south. Building Square Footage is listed as 4,358 SF by the Assessor and 4,392 SF by the Lease.

Property Subtype:

Bank

Date on Market:

2026-01-09

Chandler Office for Sale - South Tempe/Ahwatukee

NNN Investment Office Unit location on Chandler Blvd, between Loop 101 and I-10, just north of Loop 202. Quick Access to all freeways. 15 minutes from Phoenix Airport. 5 minutes from chandler mall and many restaurants. NET income of $36,243 for 2026 - 6.15% CAP with 4% Annual Increases of rent, this property will be at 7.2% CAP by end of lease term. This tenant has been in this location for many years, and just renewed and signed a new 5 year lease, with 4% annual increases. This is NNN Lease, so all expenses are passed to tenant. those expenses include: Property Tax: $2280/Yr. Property Insurance $370/Yr. Association CAM fees: $4299/Yr.

Property Subtype:

Office/Residential

Date on Market:

2026-01-09

Mesa Retail for Sale - Superstition Corridor

Absolute Triple Net lease with an institutional grade tenant on a building constructed in 2022. With 10 years of initial lease term remaining, this is a perfect fit for an investor seeking quality and stability.

Property Subtype:

Auto Repair

Date on Market:

2026-01-07

Scottsdale Retail for Sale - Central Scottsdale

Cushman & Wakefield is pleased to present the opportunity to acquire a Net leased investment tenanted by Walgreens, one of the most recognized and established pharmacy and healthcare retailers in the United States. The property is secured by a corporate signed lease giving investors a stable and predictable income stream backed by a national credit tenant with a long operating history at this location. Founded in 1901, Walgreens has grown into one of the nation’s largest pharmacy and health services platforms, operating approximately 8,000 locations across all 50 states and U.S. territories and employing nearly 310,000 team members, including roughly 90,000 healthcare service providers. In FY 2024, Walgreens generated approximately $147.6 billion in revenue, underscoring the brand’s scale within the U.S. healthcare infrastructure. In August 2025, Walgreens was acquired by Sycamore Partners and taken private in a transaction valued at approximately $23.7 billion, further reinforcing the company’s long-term strategic backing. The property is prominently positioned at the signalized hard corner of Frank Lloyd Wright Boulevard and Via Linda in Scottsdale, Arizona—an affluent and densely populated trade area characterized by exceptional household incomes exceeding $202,000 within a five-mile radius. The site benefits from strong visibility, traffic counts of approximately 42,335 vehicles per day, and proximity to a deep roster of national retailers including Albertsons, McDonald’s, Chevron, Chase, UPS, Domino’s, EOS Fitness, and ACE Hardware. Additionally, the ±1.97-acre parcel provides long-term optionality, offering potential future redevelopment value in one of Scottsdale’s most desirable locations. This offering represents an opportunity to acquire a well-located Walgreens investment with durable cash flow, strong underlying real estate fundamentals, and long-term value supported by a nationally dominant healthcare retailer.

Property Subtype:

Drug Store

Date on Market:

2026-01-06

Cave Creek Retail for Sale - N Phoenix/Cave Creek

Located at 6210 E Cave Creek Road in Cave Creek, AZ, this property offers a prime 0.41-acre lot with a total of 17,960 square feet of land. The property is comprised of a gas station / convenience store with 2,425 SF improvements built in 1998. The property is on a corner lot with strong visibility and has eight fueling positions. Positioned in a highly sought after corridor, the property benefits from strong visibility and long term demand for fuel and retail services. Current base rent of $10,416.67 per month delivers an in place NOI of approximately $125,000 annually, which is at the low end of market ranges for similar petroleum operators. Circle K is currently in one of their option periods, expiring May 2030, and Circle K has five additional five year options to renew at 10% annual increases.

Property Subtype:

Service Station

Date on Market:

2026-01-05

Tucson Retail for Sale - Southwest Tucson

Positioned in a highly trafficked Tucson retail corridor at 16th Ave & I-19/Ajo Way, this property benefits from adjacency to established national and regional retailers including Fry’s Food & Drug, Burlington, Boot Barn, and Desert Sports & Fitness, creating strong cross-shopping synergy and consistent daily traffic. • Fire Suppression System Installed • Exterior Fencing, Stainless Steel Security Bars & Security Door (2020) • Ample On-Site Parking & Functional Site Layout

Property Subtype:

Freestanding

Date on Market:

2025-12-28