Walgreens Leasehold
For Sale
Contact for pricing
Pending
13227 N 7th St, Phoenix, AZ 85020
Absolute NNN lease structure places management and maintenance obligations with the tenant.
Property SizeContact for details
Days on Market147
Property Features for 13227 N 7th St
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Drive-Thru
Yes
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Nashville
Listed By:
Jason Hernandez · License #CA 01392646
Source:
Crexi
Added: Apr 11
Changed: Sep 4
Last Checked: Aug 31 at 3:23AM
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 Marcus & Millichap - Nashville
Investment Insights
Based on property information with market context.
This Walgreens leasehold property is subject to an absolute NNN lease, with the tenant responsible for landlord management and maintenance obligations. The offering includes the improvements rather than a fee-simple interest and is subject to a ground lease.
The lease has 12-years remaining and provides for 5% rent increases every 5 years during the original term, with the same increases applying during renewal option periods if exercised. A drive-through lane is also part of the property configuration.
The property is located at 13227 N 7th St in Phoenix, Arizona 85020.
The lease has 12-years remaining and provides for 5% rent increases every 5 years during the original term, with the same increases applying during renewal option periods if exercised. A drive-through lane is also part of the property configuration.
The property is located at 13227 N 7th St in Phoenix, Arizona 85020.
Key Highlights
- 12‑years remaining on the lease
- Absolute NNN structure with no landlord management or maintenance responsibilities
- Leasehold interest includes the property improvements
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Explore this area
Business Placement
Demographics for 85020, AZ
34,534
Population
18,231
Households
1.9
Avg Household Size
43
Median Age
43%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,924
Density / Sq Mi
$78,412
Median Household Income
$48,230
Median Earnings
$1,389
Median Rent
$400,800
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN lease structure places management and maintenance obligations with the tenant.
Where is this nnn property located?
The property is located at 13227 N 7th St Phoenix, AZ.
What are key features of this property?
This property features: 12‑years remaining on the lease; Absolute NNN structure with no landlord management or maintenance responsibilities; Leasehold interest includes the property improvements
