- For Sale $7,087,727
- Property Type Retail - Freestanding
- Property Size 17,505 SF
- Lot Size 1.95 Acre
- Property Tenancy Single Tenant
- Year Built 1997
- Date Updated Apr 11, 2024
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Attachments
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 option periods.
- 11+ YEARS LEFT ON 15-YEAR ABSOLUTE NNN LEASE: The subject property operates under a new Absolute NNN Lease with no Landlord management or maintenance responsibilities whatsoever.
- INVESTMENT GRADE CREDIT TENANT: Rent is guaranteed by Walgreens Corporate, a Fortune 500 company boasting an S&P credit rating of BBB and a ±$31 billion market cap.
- CRITICAL DRIVE-THRU LANE: Drive-thru lanes proved to be critical for retailers through the pandemic, and as total sales volume for restaurants, pharmacy and bank properties last year hit a record $12 Billion, the interest in drive-through real estate has exploded.
- AFFLUENT LOCATION WITH EXCELLENT DEMOGRAPHICS: The average household income within a 1-mile radius is $92,922 and increasing to $103,469 within a 5-mile radius
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Contacts
Location
Getting Around
-
Walk Score ®
66/100 Somewhat Walkable -
Bike Score ®
74/100 Very Bikeable
- City Sedona, AZ
- Neighborhood Sedona
- Zip Code 86336
Points of Interest
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Conoco
0.07 miles
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Arco
0.08 miles
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Shell
0.59 miles
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Speedway
0.94 miles
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76
1.76 miles
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Circle K
5.44 miles
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Chevron
5.88 miles
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Speedway
6.01 miles
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Tesla Supercharger
6.32 miles
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Chevron
9.61 miles
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Sugar Loaf
0.77 miles
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Airport Saddle Trailhead
0.98 miles
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Thunder Mountain Trailhead
1.14 miles
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Andante Trailhead
1.27 miles
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Tlaquepaque Parking
1.75 miles
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Lot 2
1.94 miles
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Parking lot 1
2.01 miles
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Parking Lot 4
2.07 miles
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Girdner Trailhead
2.21 miles
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Herkenham
2.21 miles
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Domino's
0.12 miles
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Coffee Pot Restaurant
0.13 miles
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Oak Creek Brewing Company
0.23 miles
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Red's at Sedona Rouge
0.26 miles
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Pisa Lisa
0.27 miles
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Conscious Meals
0.28 miles
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West Side Deli
0.32 miles
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Los Rosales
0.33 miles
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Dahl & Di Luca
0.34 miles
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Tortas De Fuego
0.35 miles
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Natural Grocers
0.06 miles
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Bashas'
0.22 miles
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Safeway
0.33 miles
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Whole Foods Market
0.57 miles
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The Shops at Hyatt Piñon Pointe
1.86 miles
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C-Market
1.96 miles
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Clark's Market & Pharmacy
6.08 miles
Frequently Asked Questions
What is the lease rate for Absolute NNN Walgreens?
Rental asking rate at Absolute NNN Walgreens is $3,543,863.50/YR.
What is the total square footage of Absolute NNN Walgreens?
Absolute NNN Walgreens totals 17,505 square feet.
When was this property built?
Absolute NNN Walgreens was built in 1997.
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