Overview
Walgreens is a prominent American pharmacy retail chain, renowned for its widespread presence and commitment to providing accessible healthcare services. Established in
1901, Walgreens has grown to become one of the largest drugstore chains in the United States, with thousands of locations across the country. The company is known for
its comprehensive range of pharmaceuticals, over-thecounter medications, health and wellness products, as well as beauty and personal care items. Walgreens also offers
a variety of services, including flu shots, prescription refills, and health consultations, making it a convenient one-stop destination for various healthcare needs. Beyond its retail
operations, Walgreens has expanded its reach through partnerships and collaborations to enhance its impact on community health. With its distinctive red logo and iconic storefronts, Walgreens continues to play a vital role in the healthcare landscape, prioritizing accessibility and customer well-being.
Investment Highlights
- RECENT LEASE RENEWAL – Walgreens recently extended its lease at existing rental rates, signaling a long-term commitment to this high-performing location.
- TOP PERFORMING STORE – Generates over $2.64 million in annual sales, placing this store among the top-performing Walgreens locations nationwide.
- HEALTHY RENT-TO-SALES RATIO – Features a sustainable ±8% rent-to-sales ratio, demonstrating operational efficiency and strong tenant performance.
- BELOW MARKET RENT – Currently leased at approximately $14/SF, which is below market, providing future upside potential as area rents continue to rise.
- HIGH-TRAFFIC CORRIDOR – Strategically positioned along a major thoroughfare and a four way lighted intersection, the property sees ±48,000 vehicles per day.
- RETAIL SYNERGY LOCATION – Directly across from a high-traffic retail center anchored by Whataburger, Fry’s Food and Drug Store, Planet Fitness, and Lindsay Marketplace, benefiting from consistent consumer foot traffic and robust co-tenancy.
- STRONG DEMOGRAPHICS – Serves a dense and affluent population of 362,266+ residents with an average household income of $88,583 within a 5-mile radius.
- STRATEGIC MARKET POSITIONING – Located in the Phoenix Metropolitan Statistical Area (MSA)— one of Arizona’s most active and resilient retail markets, with a low retail vacancy rate of 4.8%.
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