Published on: Tuesday, September 3, 2024
Updated on: Tuesday, September 3, 2024
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About the Lister
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Name: Tim Westfall
Company: Echo West Capital Advisors
Office Phone: 602.628.6298
Cell Phone: 602.628.6298
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Financing  Business  Material
  Walgreens (Leasehold Interest)
2785 N Pinal Ave Casa Grande Arizona , 85122
2785 N Pinal Ave Casa Grande Arizona                                                                                             , 85122 Echo West Capital Advisors
Listing ID: CL-Arizona-11666

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 7.41
Net Operating Income: $177,921
Commission Split (%): 0
Quick Glance
Listing ID: CL-Arizona-11666
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 2008
Building Size: 14,736 SqFt
Lot Size: 2 Acre
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
This property offers a prime investment with an Absolute NNN Leasehold Interest, requiring zero landlord responsibilities. The tenant, Walgreens (NASDAQ: WBA), covers all taxes, insurance, maintenance, and $140,000 annual ground rent.
Complete Details
Year Build: 2008
Building Size: 14,736 SqFt.
No of Stories: 1
Total Lot Area: 2 Acre
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: B
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description
This property offers a prime investment with an Absolute NNN Leasehold Interest, requiring zero landlord responsibilities. The tenant, Walgreens (NASDAQ: WBA), covers all taxes, insurance, maintenance, and $140,000 annual ground rent. Situated in Casa Grande, Arizona—one of the fastest-growing communities in the state—the property benefits from a thriving local economy with major companies driving a projected job growth of 53.9% over the next decade. It's located across from a top-performing Fry’s Marketplace, which draws over 1.6 million visitors annually. Additionally, about 7,400 new residential units are planned or under construction nearby, enhancing the area's appeal. This combination of a strong corporate tenant, high-growth location, and robust real estate fundamentals makes this property a standout investment opportunity.
Additional Properties
Property Tenants
  • Offering features an absolute triple net lease with zero landlord responsibilities. The tenant is responsible for all taxes, insurance, maintenance, repair, operating costs, and ground rent payments ($140,000/year) associated with the property.
  • Lease is corporately guaranteed by Walgreens
Property Other Use
  • Pharmacy/Drug
Property Highlights
  • anked as one of the fastest growing submarkets in the state of Arizona with a population growth rate that has exceeded 8% year-over-year.
Listing Location
Attached Documents
  • Download | Walgreens Leasehold Interest Final OM - Casa Grande, AZ-compressed.pdf ( 6,674.66KB)
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