7885 E Speedway Blvd
Tucson, AZ 85710
Walgreens · Retail Property For Sale

The subject property is a 14,550 square foot Walgreens store located in Tucson, Arizona, part of the Pima county. Walgreens (NASDAQ: WBA) has an Investment Grade Credit Rati ng “BBB” by Standard & Poor’s. Annual revenues exceed $103 Billion. Tenant has been successfully operating at this address over 12 Years, showing strong commitment to the location. Site is equipped with a double drive-thru pharmacy. Walgreens recently acquired 1,932 stores from Rite Aid on a nationwide basis (out of which 500 will be either closed or not renewed) to further expand their presence and footprint. Arizona is a state that does not have a Rite Aid presence, eliminating any possibility of such scenario.Walgreens signed a 75-year lease, with ten 5-year tenant termination options that commence on January 31, 2031. There are approximately 13+/- years remaining until the tenant has the option to terminate the lease. Lease is an absolute NNN lease providing investors with carefree ownership. Property is located on a hard corner of a signalized intersection of heavily trafficked East Speedway Boulevard and North Pantano Road with approximately 72,000 cars passing daily. With three lanes in each direction on East Speedway and two on North Pantano Road, the location is hard to beat. Neighboring retailers include Walmart Supercenter, Lowe’s, Burger King, Starbucks, Jack in the Box, Arby’s, Fry’s Food and Drug, Dollar Tree, Firestone, Pizza Hut, etc. with a strong inflow of other national tenants each year.