Single-Tenant Walgreens
For Sale
Contact for pricing
1159 E Southern Ave, Mesa, AZ 85204
Single-tenant Walgreens on a signalized corner with landlord-maintained parking lot, roof, and structure under double net lease.
Property SizeContact for details
Days on Market144
Property Features for 1159 E Southern Ave
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
55,636 vehicles/day
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Bang Realty
(888) 737-2264
Listed By:
Brian Brockman · License #BR691523000
Source:
Crexi
Added: Apr 11
Changed: Aug 8
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
Property Profile
Current Use
Lease Details
55,636 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
284k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Groceries 36%
Dining 16%
Apparel 7%
Los Altos Ranch Market
Groceries
55,382 visits/mo
0.1 miles
El Super
Groceries
45,755 visits/mo
0.2 miles
Five Below
Shops & Services
33,879 visits/mo
0.2 miles
Circle K
Shops & Services
23,176 visits/mo
0.1 miles
dd's DISCOUNTS
Shops & Services
23,034 visits/mo
0.2 miles
Demographics for 85204, AZ
63,808
Population
24,536
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
84%
High-School Grad
9.9 sq mi
ZIP Area
6,445
Density / Sq Mi
$69,474
Median Household Income
$40,347
Median Earnings
$1,426
Median Rent
$296,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
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.
