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1616 E Thomas Rd Phoenix, AZ 85015

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For Sale
$4,906,000

Retail property with corporate-backed lease and renewal options.

Property size:
13,846 SF
Lot size:
1.85 Acres

Property Features for 1616 E Thomas Rd

General Information

Size
13,846 SF
Lot size
1.85 Acres

Source: SRS Real Estate Partners | Phoenix Agent Ed Beeh

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


Overview

Phoenix Retail Property For Sale

This retail property has 13 years remaining on the lease term, with twelve 5-year renewal options available. The lease includes 5% rent increases every 5 years during the base term and option periods. The lease is corporate-backed by Walgreens Co. The property has a size of 13846 square feet and is located in Phoenix, AZ.
Location Intelligence

Current Use by Public Records

Walgreens Photo Passport Photo Processor Walgreens Pharmacy Pharmacy Walgreens Cosmetics Store Dr. Robert Devine Family Practice Physician FedEx OnSite Mailing Service

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

Similar Places Nearby

Phoenix Pharmacy, Walgreens Pharmacy, Phoenix Children's Hospital, COVID-19 Drive-Thru Testing at Walgreens, Eugene Myers

Location Insight

  • Map
  • Local Demand
City
Phoenix
County
Maricopa
State
Arizona
Longitude
-112.0468756
Latitude
33.4806103

FAQs

What type of property is this?
Drug store - Retail property with corporate-backed lease and renewal options.
Where is this drug store located?
The property is located at 1616 E Thomas Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $4,906,000.
What are key features of this property?
This property features: - Corporate-backed lease with Walgreens Co.; - Long-term lease with 13 years remaining, providing stable income.; - Benefit from twelve (12) 5-year renewal options.
More about this property
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