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Walgreens
Casa Grande, AZ 85122

New NNN Extension- RARE Bumps- Low Rent · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
15,125 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.83 AC
Zoning
UNDESIGNAT
Parking
65 Spaces (4.3 Spaces per 1,000 SF Leased)
Frontage
132 FT on Kortsen Rd

Amenities

  • Signage
  • Signalized Intersection
  • Drive Thru

About Walgreens , Casa Grande, AZ 85122

We are pleased to offer to qualified investors an opportunity to purchase an investment grade single tenant absolute NNN leased investment that is fully occupied by Walgreen Co. on a brand new 15 year lease with 12 - 5 year options and rare 5% rental increases during the primary term and options. Comprising of 15,125 square feet, the building is situated on a large 1.83 acre corner lot at the intersection of two of the major corridors in Casa Grande - N. Pinal Avenue and W. Kortsen Road. Casa Grande, AZ is one of the fastest growing cities in Pinal County positioned halfway between Phoenix and Tucson and part of the Phoenix MSA. This is a rare opportunity to purchase a true investment grade tenant - “BBB” by S&P’s, on a brand new 15 year lease with rental increases, in one of the fastest growing cities in Arizona (20% population growth in a 3 mile radius of the subject property since 2010), and zero landlord responsibilities.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
504-51-004B
Land Assessment
$398,750
Improvements Assessment
$1,489,908
Total Assessment
$1,888,658
  • Listing ID: 16596559

  • Date on Market: 7/12/2019

  • Last Updated:

  • Address: Walgreens, Casa Grande, AZ 85122

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