Walgreens For Sale in
4315 W McDowell Rd, Phoenix, AZ 85035
For Sale
Contact for pricing
Walgreens retail property available in Phoenix, Arizona.
Property Size14,995 SF
Price / SF$220.07
Days on Market292
Property Features for 4315 W McDowell Rd
General Information
Standard status
Size
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Site & Location
Neighborhood
Building Details
Year Built
Tenancy
Listing Agency:
Marcus & Millichap - Phoenix
Listed By:
Mark Ruble · License AZ SA550593000
(602) 770-2935
Source:
Crexi
Added: Jan 26
Changed: Nov 11
Last Checked: Nov 12 at 6:16AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$223,485
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,469,700
$4.5M
Cap Rate 7%
$3,192,643
$3.2M
Cap Rate 9%
$2,483,167
$2.5M
Market Conditions
NOI Build-Up for 14,995 SF
Gross rent
$323.9K $21.60/SF
− Vacancy
−$25.9K −$1.73/SF
EGI
$298.0K $19.87/SF
− OpEx
−$74.5K −$4.97/SF
NOI
$223.5K $14.90/SF
Area
Phoenix, AZ
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,469,700
Cap Rate 7%
$3,192,643
Cap Rate 9%
$2,483,167
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 authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 85035, AZ
51,441
Population
15,868
Households
3.2
Avg Household Size
28
Median Age
10%
College-Educated
66%
High-School Grad
5.6 sq mi
ZIP Area
9,186
Density / Sq Mi
$57,790
Median Household Income
$34,363
Median Earnings
$1,390
Median Rent
$244,300
Median Home Value
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Market
Vacancy Rate% for Retail in Phoenix, AZ
Similar Off Market Nearby
- Walgreens Pharmacy — 4315 W McDowell Rd, Phoenix, AZ 85035
- Sandra Kim, PharmD — 4315 W McDowell Rd, Phoenix, AZ 85035
- Olga Kurdelchuk — 4315 W McDowell Rd, Phoenix, AZ 850354201
- Ira S. Goldman, RPh — 4230 W McDowell Rd, Phoenix, AZ 85009
- Fry's Pharmacy — 4230 W McDowell Rd, Phoenix, AZ 85009
Frequently Asked Questions
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.
