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Walgreens Absolute NNN Property
For Sale
Contact for pricing
Pending

1055 E Riggs Rd, Chandler, AZ 85249

Vacant Walgreens property remains subject to an absolute NNN lease through 2027.

Property SizeContact for details
Days on Market143

Property Features for 1055 E Riggs Rd

General Information

Standard status Pending
Property subtype Retail

Building Details

Tenancy Single
Listing Agency: The Kase Group
Listed By: Jeff Bracco · License #CA 01336201
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 6:18AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Kase Group

Investment Insights

Based on property information with market context.

The Walgreens property at 1055 E Riggs Rd is currently vacant while remaining encumbered by an absolute NNN lease. The lease commenced in 2002 and extends through 2027, providing a defined contractual term for evaluation.

The property occupies a position along a major retail corridor in Chandler, Arizona. Nearby retail operators include Anytime Fitness, Dunkin’ Donuts, Papa Murphy’s, Jack in the Box, and Fry’s, creating a surrounding mix of national and established commercial users.

Key Highlights

  • Absolute NNN lease commenced in 2002 and runs through 2027
  • Currently vacant Walgreens property at 1055 E Riggs Rd
  • Situated along a major retail corridor in Chandler, Arizona

Property Analytics

Current Use

Rodney Koenig, PAC Pharmacy John P. Mcdonnell, ... Pharmacy Randall Koenig Pharmacy Michelle Hong Pharmacy Thorsen Martha S Physician

Suggested Use

Top Pick Real Estate Agency Restaurant Hair Salon Building Supply Auto Parts Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

277
Businesses Nearby

Demographics for 85249, AZ

47,414
Population
17,489
Households
2.7
Avg Household Size
42
Median Age
56%
College-Educated
96%
High-School Grad
14.3 sq mi
ZIP Area
3,316
Density / Sq Mi
$150,985
Median Household Income
$74,519
Median Earnings
$2,318
Median Rent
$610,800
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
NNN property - Vacant Walgreens property remains subject to an absolute NNN lease through 2027.
Where is this nnn property located?
The property is located at 1055 E Riggs Rd Chandler, AZ.
What are key features of this property?
This property features: Absolute NNN lease commenced in 2002 and runs through 2027; Currently vacant Walgreens property at 1055 E Riggs Rd; Situated along a major retail corridor in Chandler, Arizona
(510) 388-4438 Call to check price and availability
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