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10405 N La Canada Dr Oro Valley, AZ 85737

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For Sale
$4,650,888

Net leased Walgreens in Oro Valley, Arizona with rental growth.

Property size:
14,766 SF
Lot size:
1.66 Acres

Property Features for 10405 N La Canada Dr

General Information

Standard status
Active
Size
14,766 SF
Lot size
1.66 Acres

Building Details

Year built
1997

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Listing Contact
Brian Brockman
Brian Brockman
Source: Crexi

Listing Agency: Bang Realty Listing Agent: Brian Brockman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Net Leased Walgreens Investment

Located in Oro Valley, Arizona, 10405 N. La Cañada Drive is a net lease investment opportunity. The property is secured by a long-term absolute NNN lease with Walgreens, offering passive income without landlord responsibilities and built-in rental growth. The property is positioned along North La Cañada Drive, a primary retail corridor serving the northwest Tucson region. The site benefits from visibility, access, and proximity to a major signalized intersection, surrounded by national retailers and daily-needs services. Oro Valley’s reputation for safety, high household incomes, and limited commercial infill supports long-term retail demand and durable real estate fundamentals. The greater Tucson market provides regional connectivity and access to employment centers, healthcare institutions, and lifestyle amenities, while Oro Valley offers a residential base anchored by master-planned communities, country clubs, and luxury resorts. The property is strategically positioned along a dominant retail corridor near a major signalized intersection. It benefits from high-income demographics, strong national tenancy in the surrounding area, and proximity to country clubs and luxury resorts. The property has a drive-thru-equipped format and long-term renewal options. The offering is suited for investors seeking durable cash flow, capital preservation, and a defensive 1031 exchange opportunity. The property is 14,766 square feet. The site benefits from strong visibility, access, and proximity to a major signalized intersection, surrounded by national retailers and daily-needs services. The property includes rare 5% rent increases every five years.
Location Intelligence

Current Use by Public Records

Drug stores

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Judith A. Clark, RPh, COVID-19 Drive-Thru Testing at Walgreens, Walgreens Pharmacy, Rosalinda P. Gomez, PharmD, Charles D. Broderick, RPH

Location Insight

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  • Local Demand
City
Oro Valley
County
Pima
State
Arizona
Longitude
-110.9964426
Latitude
32.3958377

FAQs

What type of property is this?
Drug store - Net leased Walgreens in Oro Valley, Arizona with rental growth.
Where is this drug store located?
The property is located at 10405 N La Canada Dr Oro Valley, AZ.
What is the asking price?
The asking price for this property is $4,650,888.
What are key features of this property?
This property features: - Long-term absolute NNN lease with Walgreens provides passive income.; - Located in Oro Valley, a safe and affluent retirement community.; - Strategic location along a dominant retail corridor.
More about this property
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