Single-Tenant Walgreens
1159 E Southern Ave Mesa, AZ 85204
For Sale
Contact for pricing
Single-tenant Walgreens on a signalized corner with landlord-maintained parking lot, roof, and structure under double net lease.
Days on Market104
Property Features for 1159 E Southern Ave
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing Agency:
Bang Realty
(888) 737-2264
Listed By:
Brian Brockman · License #BR691523000
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 23 at 3:20AM
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 Bang Realty
Investment Insights
Based on property information with market context.
This is a single-tenant Walgreens drugstore offered for sale. The property is operated under a lease structure described as double net, with the landlord responsible for the parking lot, roof, and structure. The roof was replaced in 2018 and includes a warranty, and the tenant recently exercised its second option, indicating continued commitment to the location. The lease has five years remaining and provides for six (5-year) options, with the second and third options described as having rare 10% increases.
The Walgreens is situated on a signalized corner of East Southern Avenue and South Stapley Drive. The combined traffic count is approximately 55,636 vehicles per day. The City of Mesa is also adding a turning lane into the subject property and a covered bus stop at the south end of the intersection.
The surrounding retail includes Mesa Grand Center across the street (98,000 SF) and Southern Village Mesa Center on the opposite corner (78,000 SF). Banner Desert Medical Center and KPC Promise Hospital are both within a 4-mile radius. The asset is described as one of only two stand-alone national brand drugstores within a two-mile radius, with the nearest stand-alone CVS more than three miles away.
The Walgreens is situated on a signalized corner of East Southern Avenue and South Stapley Drive. The combined traffic count is approximately 55,636 vehicles per day. The City of Mesa is also adding a turning lane into the subject property and a covered bus stop at the south end of the intersection.
The surrounding retail includes Mesa Grand Center across the street (98,000 SF) and Southern Village Mesa Center on the opposite corner (78,000 SF). Banner Desert Medical Center and KPC Promise Hospital are both within a 4-mile radius. The asset is described as one of only two stand-alone national brand drugstores within a two-mile radius, with the nearest stand-alone CVS more than three miles away.
Key Highlights
- Single‑tenant Walgreens on a signalized corner at E Southern Ave and S Stapley Dr with ~55,636 vehicles/day combined traffic count.
- Double net lease with 5 years remaining; landlord responsible for parking lot, roof, and structure.
- Roof replaced in 2018 and carries a warranty.
Property Analytics
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
Walgreens Pharmacy
Pharmacy
COVID-19 Drive-Thru Testing ...
Pharmacy
FedEx OnSite
Postal Service
Redbox
Cinema
Similar Off Market Nearby
- Walgreens Pharmacy — 1159 E Southern Ave, Mesa, AZ 85204
- Tasha Henstein — 1159 E Southern Ave, Mesa, AZ 852045011
- SAN MIGUEL ARCANGEL BOTÁNICA — 535 E Southern Ave Ste 11, Mesa, AZ 85204
- Linda Judd — 1159 E Southern Ave, Mesa, AZ 852045011
- Lin Chen — 1159 E Southern Ave, Mesa, AZ 852045011
FAQs
What type of property is this?
Drug store - Single-tenant Walgreens on a signalized corner with landlord-maintained parking lot, roof, and structure under double net lease.
Where is this drug store located?
The property is located at 1159 E Southern Ave Mesa, AZ.
What are key features of this property?
This property features: Single‑tenant Walgreens on a signalized corner at E Southern Ave and S Stapley Dr with ~55,636 vehicles/day combined traffic count.; Double net lease with 5 years remaining; landlord responsible for parking lot, roof, and structure.; Roof replaced in 2018 and carries a warranty.
