SOLD – Walgreens (Peoria, AZ)
7455 West Peoria Avenue
Peoria, AZ 85345
Overview
- Net Lease Walgreens built in 1997 located in Phoenix, AZ (MSA)
- Stable cash flow from investment-grade rated tenant,S&P: BBB
- Signalized, corner site in superior submarket; more than 124,000 people living within three miles of the store
- High traffic count, 45,000+ vehicles per day
- Asset is offered free and clear of existing debt
- High yield opportunity: asking price based on an 8.75% cap rate