1616 E thomas Rd Phoenix, AZ

Listing office SRS Real Estate Partners | Phoenix m***@srsre.com Show Phone

Listing date Nov 24, 2025

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• Corporate‑backed lease with Walgreens Co.
• Long‑term lease with 13 years remaining, providing stable income.
• Benefit from twelve (12) 5‑year renewal options.

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Similar Off Market Nearby

• Phoenix Pharmacy — 1701 E Thomas Rd, Phoenix, AZ 85016
• Walgreens Pharmacy — 1616 E Thomas Rd, Phoenix, AZ 85016
• Phoenix Children's Hospital — 1919 E Thomas Rd, Phoenix, AZ 85016
• COVID-19 Drive-Thru Testing at Walgreens — 1616 E Thomas Rd, Phoenix, AZ 85016
• Eugene Myers — 1616 E Thomas Rd, Phoenix, AZ 850167602

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 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.