This Retail Property is no longer advertised on LoopNet.com.

1995 W Highway 89A
Sedona, AZ 86336

Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • RARE WALGREENS LEASE WITH RENT INCREASES: The Lease provides 5% fixed rent increases every 5-years during the primary term and the 12, 5-year options
  • INVESTMENT GRADE CREDIT TENANT: Rent is guaranteed by Walgreens Corporate, a Fortune 500 company and a ±$31 billion Market Cap
  • AFFLUENT LOCATION WITH EXCELLENT DEMOGRAPHICS: The average household income within a 1-mile radius is $92,922
  • 11+ YEARS LEFT ON 15-YEAR ABSOLUTE NNN LEASE: The subject property operates under a new Absolute NNN Lease with no Landlord responsibilities
  • CRITICAL DRIVE-THRU LANE: Drive-thru lanes are critical for retailers, last year hit a record $12 Billion, drive-through real estate has exploded.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
17,505 SF
Building Class
B
Year Built
1997
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.94 AC
Parking
63 Spaces (3.6 Spaces per 1,000 SF Leased)
Frontage
129 FT on Az-89-alt Rd

AMENITIES

  • Signage
  • Signalized Intersection
  • Drive Thru

PROPERTY TAXES

  • Listing ID: 31484125

  • Date on Market: 4/11/2024

  • Last Updated:

  • Address: 1995 W Highway 89A, Sedona, AZ 86336