Listing Agency: Matthews

Listed By: David Harrington · License #CO701910000

Source: Crexi

Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 8:46PM

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Investment Insights

Based on property information with market context.

This Walgreens drug store is a retail property offered for sale. The building contains 15,525 SqFt of retail space and is associated with a stated 6.75% CAP rate.

The property is located at 2811 E Broadway Rd in Mesa, Arizona 85204.

Key Highlights

• 15,525 SqFt retail property
• Stated 6.75% CAP rate
• 2811 E Broadway Rd, Mesa, AZ 85204

Property Analytics

Property Profile

Current Use

Walgreens Pharmacy Pharmacy COVID-19 Drive-Thru Testing ... Medical Laboratory FedEx OnSite Postal Service Western Union Bank Redbox Cinema

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Hair Salon Restaurant Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

407

Businesses Nearby

112k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 44% Dining 34% Shops & Services 19% Electronics 2%

Fry's Groceries

49,844 visits/mo 0.1 miles

Whataburger Dining

19,934 visits/mo 0.1 miles

Taco Bell Dining

13,716 visits/mo 0.1 miles

Fry's Fuel Center Shops & Services

12,325 visits/mo 0.2 miles

The UPS Store Shops & Services

7,896 visits/mo 0.1 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

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this drug stores located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• Kirk Wilcox — 2727 E Broadway Rd, Mesa, AZ 852041530
• Walgreens Pharmacy — 2811 E Broadway Rd, Mesa, AZ 85204
• Fry's Pharmacy — 2727 E Broadway Rd, Mesa, AZ 85204
• Daniel Bradshaw, RPH — 2727 E Broadway Rd, Mesa, AZ 85204, United States
• Jabin Davis — 2811 E Broadway Rd, Mesa, AZ 852041702

Frequently Asked Questions

What type of property is this?

Drug store - Mesa retail asset offered for sale.

Where is this drug store located?

The property is located at 2811 E Broadway Rd Mesa, AZ.

What are key features of this property?

This property features: 15,525 SqFt retail property; Stated 6.75% CAP rate; 2811 E Broadway Rd, Mesa, AZ 85204