4657 E Chandler Blvd Phoenix, AZ 85048

Listing agency Anchor Net Lease

Listed by Ryan O'Connell · License #BR575729000

Source Crexi

Added: Apr 11 Updated: Jul 20 at 4:36PM Checked: Jul 20 at 4:36PM

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Investment Insights

Based on property information with market context.

RDO Investments presents a fee simple, single-tenant CVS Pharmacy property. The building was constructed in 2003 as an Eckerd’s Pharmacy and was purchased and rebranded to CVS in 2004. CVS entered into a new 20-year lease term in 2021, with the lease expiration extending to February 2041, plus four additional 5-year renewal options. The property is structured as Absolute NNN with no landlord responsibilities.

Strategically located a block off Interstate 10 at the southwest corner of 48th Street and Chandler Boulevard, the pharmacy is part of Foothills Corporate Park, anchored by Kohl’s Department store. The surrounding outparcels include AutoZone and Starbucks, along with a mix of national and local retail and service uses such as Arriba Mexican Restaurant, Va Bene Italian Restaurant, Jersey Mike’s, Sports Clips, Desert Dentistry, Edible Arrangements, and Post Net, plus additional office and retail suites.

CVS is publicly traded on the NYSE under the ticker symbol “CVS.”

Key Highlights

• 13,434 SF CVS Pharmacy in Phoenix, AZ constructed in 2003 (originally Eckerd’s) and rebranded to CVS in 2004.
• Absolute NNN structure with no landlord responsibilities.
• 20‑year lease executed in 2021 with lease expiration extended to February 2041 plus four 5‑year renewal options.

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• Mixtures Pharmacy Ahwatukee — 16515 S 40th St #123, Phoenix, AZ 85048
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• Jared W. Roswurm, PharmD — 4005 E Chandler Blvd, Phoenix, AZ 85048

FAQs

What type of property is this?

Drug store - CVS pharmacy built in 2003 with a 2021 lease extending to February 2041 on an absolute NNN structure.

Where is this drug store located?

The property is located at 4657 E Chandler Blvd Phoenix, AZ.

What are key features of this property?

This property features: 13,434 SF CVS Pharmacy in Phoenix, AZ constructed in 2003 (originally Eckerd’s) and rebranded to CVS in 2004.; Absolute NNN structure with no landlord responsibilities.; 20‑year lease executed in 2021 with lease expiration extended to February 2041 plus four 5‑year renewal options.