New Walgreens NNN Investment
For Sale
Contact for pricing
4750 S Val Vista Dr, Gilbert, AZ 85297
New-construction Walgreens on a 1.38-acre hard-corner parcel for sale.
Property Size10,000 SF
Lot Size1.38 Acres
Price / SF$734.30
Days on Market176
Property Features for 4750 S Val Vista Dr
General Information
Standard status
Active
Size
10,000 SF
Class
A
Lot size
1.38 Acres
Property subtype
Retail
Zoning
SC
Building Details
Year Built
2024
Listing Agency:
CBRE - Phoenix
(859) 640-9498
Listed By:
Benjamin Farthing · License #AZ SA673557000
Source:
Crexi
Added: Feb 17
Changed: Aug 8
Last Checked: Aug 8 at 2:43PM
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 CBRE - Phoenix
Investment Insights
Based on property information with market context.
This is a single-tenant Walgreens investment opportunity in Gilbert, Arizona. The property is a new-construction Walgreens featuring a new 15-year absolute triple-net (NNN) lease. Situated on a 1.38-acre hard-corner parcel, the property is located at the intersection of Val Vista Dr and Queen Creek Rd, which experiences approximately 45,074 vehicles per day. The surrounding area is experiencing significant growth and development. Directly across the street is the 311-acre Harvest Grove master-planned community, which will feature approximately 965 single-family homes, approximately 713 multi-family units, a grocery anchored shopping center, and additional retail and restaurant space. One mile north of the property is The Gilmore, a 35-acre mixed-use development that will encompass approximately 300 multi-family units, a 105-room hotel, and a Safeway anchored shopping center. Approximately 5 minutes north of the property is Dignity Health’s Mercy Gilbert Medical Center, a hospital with approximately 197 beds, approximately 1,400 employees, and more than 1,000 physicians on staff. The location benefits from strong demographics with an average household income of approximately $200,786 and a total population of approximately 91,171 in a 3-mile radius. The property size is 10,000 square feet.
Key Highlights
- Brand‑new 15‑year absolute triple‑net (NNN) lease with Walgreens.
- New construction Walgreens in a high‑growth area of Gilbert (Phoenix MSA), AZ.
- Located on a large ±1.38‑acre hard‑corner parcel at a heavily trafficked intersection (±45,074 VPD).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
49k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 31%
Circle K
Shops & Services
32,969 visits/mo
0.2 miles
Chipotle Mexican Grill
Dining
15,350 visits/mo
0.5 miles
Public Storage
Shops & Services
1,030 visits/mo
0.2 miles
Demographics for 85297, AZ
36,076
Population
11,146
Households
3.2
Avg Household Size
33
Median Age
45%
College-Educated
99%
High-School Grad
10.7 sq mi
ZIP Area
3,372
Density / Sq Mi
$132,684
Median Household Income
$59,991
Median Earnings
$2,083
Median Rent
$559,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Walgreens — 4760 S Val Vista Dr, Gilbert, AZ 85297
Frequently Asked Questions
What type of property is this?
Drug store - New-construction Walgreens on a 1.38-acre hard-corner parcel for sale.
Where is this drug store located?
The property is located at 4750 S Val Vista Dr Gilbert, AZ.
What is the asking price?
The asking price for this property is $7,343,000.
What are key features of this property?
This property features: Brand‑new 15‑year absolute triple‑net (NNN) lease with Walgreens.; New construction Walgreens in a high‑growth area of Gilbert (Phoenix MSA), AZ.; Located on a large ±1.38‑acre hard‑corner parcel at a heavily trafficked intersection (±45,074 VPD).
