Walgreens For Sale in
4315 W McDowell Rd, Phoenix, AZ 85035
Walgreens retail property available in Phoenix, Arizona.
Type:Retail
Property size:
14,995 SFPrice / SF:
$220/SF- Added:
- Jan 26, 2026
- Days on Market:
- 152
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 4315 W McDowell Rd
General Information
- Standard status
- Active
- Size
- 14,995 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2000
Listing office Marcus & Millichap - Phoenix
Listing date Jan 26, 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 Marcus & Millichap - Phoenix
HighLights
- Walgreens is the tenant, operating the largest drug retailing chain in the U.S.
- Walgreens operates approximately 8,700 stores across the U.S. and territories.
- The property is located in Phoenix, Arizona.
- Phoenix metro area is the 11th largest metropolitan area in the U.S. with 4.8 million residents.
- Property is located within the city of Phoenix, which has a population of over 1.6 million.
- The property was built in 2000.
Overview
The property is a Walgreens retail location in Phoenix, Arizona. Walgreens is an American pharmaceutical company operating a large drug retailing chain in the United States, specializing in prescriptions, health and wellness products, health information, and photo services. As of 2023, the company operates 8,700 stores in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. The Phoenix metro area, consisting of Maricopa and Pinal counties, includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, the Phoenix metro area had 4.8 million residents, making it the nation’s 11th largest metropolitan area. The city of Phoenix encompasses about 520 square miles and has a population of more than 1.6 million. The property size is 14,995 square feet.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $323.9k | $21.60 |
| − Vacancy | −$25.9k | −$1.73 |
| EGI | $298.0k | $19.87 |
| − OpEx | −$74.5k | −$4.97 |
| NOI | $223.5k | $14.90 |
14,995 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.19M
$2.79M – $3.72M
NOI $223,485 @ 7.0% cap · market cap 6.77%
Second Best
Retail
$2.42M
$2.12M – $2.82M
NOI $169,476 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$4.54M
$3.97M – $5.30M
NOI $317,948 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
Walgreens Pharmacy
Pharmacy
Walgreens
Cosmetic Store
Western Union
Bank
Redbox
Cinema
Similar Places Nearby
- Fry's Pharmacy — 4230 W McDowell Rd, Phoenix, AZ 85009
- Walgreens Pharmacy — 4315 W McDowell Rd, Phoenix, AZ 85035
- Ira S. Goldman, RPh — 4230 W McDowell Rd, Phoenix, AZ 85009
- Sandra Kim, PharmD — 4315 W McDowell Rd, Phoenix, AZ 85035
- Olga Kurdelchuk — 4315 W McDowell Rd, Phoenix, AZ 850354201
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.1529936
- Latitude
- 33.465468
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Walgreens retail property available in Phoenix, Arizona.
Where is this drug store located?
The property is located at 4315 W McDowell Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Walgreens is the tenant, operating the largest drug retailing chain in the U.S.; Walgreens operates approximately 8,700 stores across the U.S. and territories.; The property is located in Phoenix, Arizona.
