Signalized Corner Walgreens
For Sale
Contact for pricing
14285 W Grand Ave, Surprise, AZ 85374
Walgreens on a double-net lease with approximately 4.75 years remaining and seven (5-year) renewal options.
Property SizeContact for details
Days on Market121
Property Features for 14285 W Grand Ave
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
1031NNNDBLACK
Listed By:
Dennis Black · License #AZ
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 6:21AM
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 1031NNNDBLACK
Investment Insights
Based on property information with market context.
This Walgreens property is available for sale as a double-net leased asset. The lease has approximately 4.75 years remaining, including seven (5-year) options to follow. Walgreens has exercised a five-year option showing commitment to the location, and the income is guaranteed by Walgreens corporation, which is described as investment grade with an S&P rating of BBB.
The property is positioned as an outparcel within the Grand Village Center, a roughly 175,000-square-foot shopping center with anchor tenants including Trader Joe’s, Sherwin Williams, pep Boys Auto Service, Outback Steakhouse, and Texas Roadhouse. Walgreens is located on a signalized corner of West Grand Avenue and North Parkview Place, with combined daily traffic of approximately 40,269 vehicles per day. The site is also adjacent to a new 217-unit residential development under construction.
Nearby uses include a 404-bed Banner Del E. Webb Medical Center, located approximately 0.8 miles away, as well as other projects mentioned in the area such as a 52,000-square-foot medical office complex and Texas Rangers spring training housing.
The property is positioned as an outparcel within the Grand Village Center, a roughly 175,000-square-foot shopping center with anchor tenants including Trader Joe’s, Sherwin Williams, pep Boys Auto Service, Outback Steakhouse, and Texas Roadhouse. Walgreens is located on a signalized corner of West Grand Avenue and North Parkview Place, with combined daily traffic of approximately 40,269 vehicles per day. The site is also adjacent to a new 217-unit residential development under construction.
Nearby uses include a 404-bed Banner Del E. Webb Medical Center, located approximately 0.8 miles away, as well as other projects mentioned in the area such as a 52,000-square-foot medical office complex and Texas Rangers spring training housing.
Key Highlights
- Walgreens double‑net lease with approximately 4.75 years remaining and seven (5‑year) renewal options.
- Rent is supported by Walgreens corporate with a guaranteed income structure (BBB S&P credit rating noted).
- Adjacent to a new 217‑unit residential development under construction.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,846
Businesses Nearby
270k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Shops & Services 28%
Groceries 27%
Apparel 6%
Trader Joe's
Groceries
45,518 visits/mo
0.2 miles
QuikTrip
Shops & Services
35,269 visits/mo
0.4 miles
Albertsons
Groceries
27,840 visits/mo
0.5 miles
Texas Roadhouse
Dining
25,988 visits/mo
0.1 miles
McDonald's
Dining
23,231 visits/mo
0.4 miles
Demographics for 85374, AZ
41,182
Population
21,982
Households
1.9
Avg Household Size
61
Median Age
30%
College-Educated
95%
High-School Grad
12.8 sq mi
ZIP Area
3,217
Density / Sq Mi
$78,690
Median Household Income
$45,427
Median Earnings
$1,897
Median Rent
$355,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Walmart Pharmacy — 15431 W Greenway Rd, Surprise, AZ 85374
- CVS — 15474 W Greenway Rd, Surprise, AZ 85374
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- Pharmaprodia Compounding Pharmacy — 15331 W Bell Rd #122, Surprise, AZ 85374
- CVS Pharmacy — 15474 W Greenway Rd, Surprise, AZ 85374
Frequently Asked Questions
What type of property is this?
Drug store - Walgreens on a double-net lease with approximately 4.75 years remaining and seven (5-year) renewal options.
Where is this drug store located?
The property is located at 14285 W Grand Ave Surprise, AZ.
What are key features of this property?
This property features: Walgreens double‑net lease with approximately 4.75 years remaining and seven (5‑year) renewal options.; Rent is supported by Walgreens corporate with a guaranteed income structure (BBB S&P credit rating noted).; Adjacent to a new 217‑unit residential development under construction.
