Walgreens Drug Store
For Sale
Contact for pricing
1514 E Florence Blvd, Casa Grande, AZ 85122
Six freestanding locations offer drive-through service, pharmacy operations, and parking under Absolute Net leases.
Property Size91,440 SF
Lot Size15.41 Acres
Price / SF$54.68
Days on Market8
Property Features for 1514 E Florence Blvd
General Information
Standard status
Active
Size
91,440 SF
Lot size
15.41 Acres
Property subtype
Retail
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Road Access
Yes
Additional Details
Gross Income
$1,615,000
Amenities
pharmacy
Building Details
Buildings
6
Tenancy
Multi
Listing Agency:
Colliers - Royal Oak/Detroit, Michigan
Listed By:
Matt Terrace · License #MI 6501355111
Source:
Crexi
Added: Sep 5
Changed: Sep 12
Last Checked: Sep 12 at 7:28AM
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 Colliers - Royal Oak/Detroit, Michigan
Investment Insights
Based on property information with market context.
This portfolio includes six freestanding Walgreens drug stores totaling 91,440 square feet on 15.41 acres. Each property includes a drive-through, pharmacy, and ample parking. The locations have operated as Walgreens stores since 2002 and are positioned on or beside hard corners at signalized intersections, providing multiple points of ingress and egress.
The properties are distributed across Arizona, Iowa, Kansas, and Colorado, including the Casa Grande, Des Moines, Sioux City, Wichita, and Colorado Springs metropolitan areas. All leases are structured on an Absolute Net basis and are scheduled to expire in 2077. The initial 25-year terms end 7/31/2027, followed by rolling 5-year termination options. No termination option was exercised by the 7/31/2026 notice deadline, leaving the leases in force through 1/31/2032. The next termination notice date is 7/31/2031.
The properties are distributed across Arizona, Iowa, Kansas, and Colorado, including the Casa Grande, Des Moines, Sioux City, Wichita, and Colorado Springs metropolitan areas. All leases are structured on an Absolute Net basis and are scheduled to expire in 2077. The initial 25-year terms end 7/31/2027, followed by rolling 5-year termination options. No termination option was exercised by the 7/31/2026 notice deadline, leaving the leases in force through 1/31/2032. The next termination notice date is 7/31/2031.
Key Highlights
- Six freestanding Walgreens locations totaling 91,440 square feet on 15.41 acres
- Drive‑through and pharmacy at every location, with ample parking
- Absolute Net leases scheduled to expire in 2077
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
407k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Dining 24%
Home Improvements & Furnishings 21%
Groceries 12%
Fry's
Groceries
47,266 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
42,152 visits/mo
0.2 miles
Circle K
Shops & Services
26,094 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
23,542 visits/mo
0.2 miles
Dollar Tree
Shops & Services
21,513 visits/mo
0.5 miles
Demographics for 85122, AZ
55,063
Population
24,238
Households
2.3
Avg Household Size
39
Median Age
19%
College-Educated
88%
High-School Grad
56.4 sq mi
ZIP Area
976
Density / Sq Mi
$64,243
Median Household Income
$38,679
Median Earnings
$1,289
Median Rent
$242,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Walmart Pharmacy — 1741 E Florence Blvd, Casa Grande, AZ 85122
- Fry's Pharmacy — 1385 E Florence Blvd, Casa Grande, AZ 85122
- Lisa M. Smith, Pharm — 1514 E Florence Blvd, Casa Grande, AZ 85122
- COVID-19 Drive-Thru Testing at Walgreens — 1514 E Florence Blvd, Casa Grande, AZ 85122
- Brian D. Gange, PharmD — 1514 E Florence Blvd, Casa Grande, AZ 85122
Frequently Asked Questions
What type of property is this?
Drug store - Six freestanding locations offer drive-through service, pharmacy operations, and parking under Absolute Net leases.
Where is this drug store located?
The property is located at 1514 E Florence Blvd Casa Grande, AZ.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Six freestanding Walgreens locations totaling 91,440 square feet on 15.41 acres; Drive‑through and pharmacy at every location, with ample parking; Absolute Net leases scheduled to expire in 2077
