770.913.3900

SOLD – Walgreens (Peoria, AZ)

SOLD – Walgreens (Peoria, AZ)

7455 West Peoria Avenue

Peoria, AZ 85345

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    Contacts

    Sean W. Patrick, CCIM

    Senior Vice President, Investment Sales

    770.913.3946

    spatrick@ackermanco.net

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    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┬ápeople 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