Phoenix CVS Pharmacy Investment
18460 N 7th St, Phoenix, AZ 85022
NNN leased CVS Pharmacy with drive-thru in Phoenix, Arizona.
Type:Retail
Property size:
13,055 SFPrice / SF:
$556/SF- Added:
- Mar 2, 2026
- Days on Market:
- 70
- Last Refresh:
- Mar 16 at 2:00 pm
Property Features for 18460 N 7th St
General Information
- Standard status
- Active
- Size
- 13,055 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing agent John Redfield License #CA 01928036
Listing office SRS Real Estate Partners Newport Beach
Listing date Mar 2, 2026
Source Crexi
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 SRS Real Estate Partners Newport Beach
HighLights
- Absolute NNN lease offers a management‑free investment.
- Pending 10‑year lease extension with 8 (5‑year) options.
- Located at a signalized intersection with high traffic volume.
- Strong performing CVS location, ranking in the top 82nd percentile nationwide.
- Located in a dense retail corridor near national retailers.
- Located within a strong demographic area with approximately 298,368 residents.
Overview
This is an opportunity to acquire a fee simple interest in an absolute NNN leased CVS Pharmacy investment property in Phoenix, Arizona. CVS has operated at this location since 2005 and has a pending 10-year lease extension. The tenant will have 8 (5-year) options to extend. The lease features 10% rental increases at the beginning of each option period. The lease is absolute NNN with zero landlord responsibilities. The store operates daily from 7:00 AM to 11:00 PM, with the pharmacy open from 8:00 AM to 8:00 PM. The property supports nearly 385,000 customers per year and ranks in the top 82nd percentile of all CVS locations nationwide. The CVS Pharmacy is equipped with a drive-thru and is located at the signalized intersection of N. 7th Street (27,000 VPD) and E. Union Hills Drive (22,900 VPD). The property benefits from connectivity to Pima Freeway / State Highway 101 (225,600 VPD). The property is positioned near national and credit retailers and daily-needs destinations including Safeway, Fry’s, Ross Dress for Less, Walgreens, Starbucks, Dunkin’, Aldi, AT&T, and Planet Fitness. The asset is also in close proximity to HonorHealth Deer Valley Medical Center (204 beds), along with nearby medical offices and outpatient providers. The property benefits from accessibility to Phoenix Deer Valley Airport, which recorded approximately 344,393 aircraft operations (flights) in Calendar Year 2024. The surrounding 5-mile trade area is supported by approximately 298,368 residents with an average household income of approximately $112,199. The property size is 13,055 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
CVS Photo
(Bike/Boat/Book/etc) Store
CDReload - Online Bitcoin ...
Crypto Atm
LibertyX Bitcoin ATM
Atm
CVS Pharmacy
Pharmacy
Cardtronics ATM
Atm
Similar Places Nearby
- CVS Pharmacy — 18460 N 7th St, Phoenix, AZ 85022
- CVS — 18460 N 7th St, Phoenix, AZ 85022
- Bashas' Pharmacy — 731 E Union Hills Dr, Phoenix, AZ 85024
- Joy Forrester — 18460 N 7th St, Phoenix, AZ 850221108
- Jennifer Miszuk — 18460 N 7th St, Phoenix, AZ 850221108
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.0660809
- Latitude
- 33.6542706
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - NNN leased CVS Pharmacy with drive-thru in Phoenix, Arizona.
Where is this drug store located?
The property is located at 18460 N 7th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $7,269,000.
What are key features of this property?
This property features: Absolute NNN lease offers a management‑free investment.; Pending 10‑year lease extension with 8 (5‑year) options.; Located at a signalized intersection with high traffic volume.
