Walgreens | 1975 S Alma School Rd
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Walgreens 1975 S Alma School Rd
13,905 SF Retail Building Chandler, AZ 85286 £3,341,742 (£240/SF) 7% Net Initial Yield
Executive Summary
-Single-tenant Walgreens investment opportunity with ±1.5 years of term remaining and seven (7), five (5) year renewal options.
-Walgreens (Nasdaq: WBA) is the largest retail health, pharmacy, and daily living destination across the United States and Europe. The company generates over $139 billion in annual revenue and ranks #28 on the Fortune 500
(Source: investor.walgreensbootsalliance.com).
-The Property is located on the hard northeast corner of S Alma School Rd and W Germann Rd, with daily traffic counts of ±52,080 VPD
(Source: ADOT, 2023).
-The Property is located on a large ±100,036 SF (±2.3-acre) parcel.
-This location boasts strong demographics with a total population of ±108,026 and an average household income of $133,437 in a 3-mile radius (Source: Esri).
-On the southwest corner of the intersection, there is a Fry’s (Kroger) grocery anchored shopping center. On the northwest corner of the intersection, there is a Mountainside fitness anchored center.
-Approximately 2 minutes north of the Property is the Banner Ocotillo Medical Center, a new ±240,000 square-foot hospital with 124 beds. Future plans include a Medical Office Building, Ambulatory Surgery Center and an Imaging Center to be built near the hospital to further support the health care needs of the surrounding community
(Source: Bannerhealth.com).
-Approximately 3 minutes south of the Property are several shopping centers with many national retailers including Sprouts Farmers Market, Albertsons, ALDI, Chase Bank, US Bank, Bank of America, Banner Urgent Care, Starbucks, McDonald’s, and more.
-Approximately 2.5 mile from the Property is the Dignity Health Chandler Regional Medical Center, a 429-bed hospital with more than 2,600 employees (Source: Dignityhealth.org).
-Walgreens (Nasdaq: WBA) is the largest retail health, pharmacy, and daily living destination across the United States and Europe. The company generates over $139 billion in annual revenue and ranks #28 on the Fortune 500
(Source: investor.walgreensbootsalliance.com).
-The Property is located on the hard northeast corner of S Alma School Rd and W Germann Rd, with daily traffic counts of ±52,080 VPD
(Source: ADOT, 2023).
-The Property is located on a large ±100,036 SF (±2.3-acre) parcel.
-This location boasts strong demographics with a total population of ±108,026 and an average household income of $133,437 in a 3-mile radius (Source: Esri).
-On the southwest corner of the intersection, there is a Fry’s (Kroger) grocery anchored shopping center. On the northwest corner of the intersection, there is a Mountainside fitness anchored center.
-Approximately 2 minutes north of the Property is the Banner Ocotillo Medical Center, a new ±240,000 square-foot hospital with 124 beds. Future plans include a Medical Office Building, Ambulatory Surgery Center and an Imaging Center to be built near the hospital to further support the health care needs of the surrounding community
(Source: Bannerhealth.com).
-Approximately 3 minutes south of the Property are several shopping centers with many national retailers including Sprouts Farmers Market, Albertsons, ALDI, Chase Bank, US Bank, Bank of America, Banner Urgent Care, Starbucks, McDonald’s, and more.
-Approximately 2.5 mile from the Property is the Dignity Health Chandler Regional Medical Center, a 429-bed hospital with more than 2,600 employees (Source: Dignityhealth.org).
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
13,905 SF
Building Class
B
Year Built
2000
Price
£3,341,742
Price Per SF
£240
Net Initial Yield
7%
NOI
£233,843
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Land Acres
2.30 AC
Zoning
PAD, Chandler
Parking
86 Spaces (6.18 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 303-27-238 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £367,052 |
PROPERTY TAXES
Parcel Number
303-27-238
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£367,052
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Walgreens | 1975 S Alma School Rd
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