Walgreens Drugstore with
5125 W NORTHERN AVE, Glendale, AZ 85301
For Sale
Contact for pricing
The site combines two-road access with a long-term absolute NNN lease and scheduled renewal options.
Property Size13,833 SF
Lot Size2.06 Acres
Price / SF$267.78
Days on Market43
Property Features for 5125 W NORTHERN AVE
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Corner Location
Drive-Thru
Traffic Count
Road Access
Additional Details
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
Northmarq Capital, LLC
Listed By:
BJ Feller · License IL #471007951
(312) 240-0194
Source:
Crexi
Added: Sep 28
Changed: Nov 8
Last Checked: Nov 8 at 3:12PM
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 Northmarq Capital, LLC
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Investment Insights
Based on property information with market context.
This single-tenant Walgreens drugstore contains 13,833 square feet on approximately 2.06 acres. The absolute NNN lease runs through June 2034 and provides for scheduled 5% rent increases, along with twelve five-year renewal options. A drive-through is part of the property’s operating setup.
At the signal-controlled corner of W Northern Avenue and N 51st Avenue, the property has access from both streets. Combined daily traffic on the two roads is 57,400 vehicles. Walmart, Lowe’s, Ross Dress for Less and Fry’s Food Stores are nearby, and more than 200,000 residents live within three miles.
At the signal-controlled corner of W Northern Avenue and N 51st Avenue, the property has access from both streets. Combined daily traffic on the two roads is 57,400 vehicles. Walmart, Lowe’s, Ross Dress for Less and Fry’s Food Stores are nearby, and more than 200,000 residents live within three miles.
Key Highlights
- 13,833‑square‑foot building on approximately 2.06 acres
- Leased to Walgreen Co. under an absolute NNN structure through June 2034
- Scheduled 5% rent increases and twelve five‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$185,252
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,705,040
$3.7M
Cap Rate 7%
$2,646,457
$2.6M
Cap Rate 9%
$2,058,356
$2.1M
Market Conditions
NOI Build-Up for 13,833 SF
Gross rent
$265.6K $19.20/SF
− Vacancy
−$18.6K −$1.34/SF
EGI
$247.0K $17.86/SF
− OpEx
−$61.8K −$4.46/SF
NOI
$185.3K $13.39/SF
Area
Glendale, AZ
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,705,040
Cap Rate 7%
$2,646,457
Cap Rate 9%
$2,058,356
Alternative Uses
Best Use
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,252 @ 7.0% cap · market cap 5.00%
Second Best
Retail
$2.28M
$1.99M – $2.66M
NOI $159,481 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$4.35M
$3.80M – $5.07M
NOI $304,158 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
57,400 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
504
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85301, AZ
67,380
Population
24,019
Households
2.8
Avg Household Size
30
Median Age
11%
College-Educated
71%
High-School Grad
9.3 sq mi
ZIP Area
7,245
Density / Sq Mi
$47,422
Median Household Income
$33,727
Median Earnings
$1,189
Median Rent
$218,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Land of Plenty Apothecary — 7146 N 58th Ave, Glendale, AZ 85301
- Herbalife Familias Saludables — 7406 N 51st Ave, Glendale, AZ 85301
- Walmart Pharmacy — 5605 W Northern Ave, Glendale, AZ 85301
- Walgreens Pharmacy — 5125 W Northern Ave, Glendale, AZ 85301
- Spencer Riddle — 5125 W Northern Ave, Glendale, AZ 853011402
Frequently Asked Questions
What type of property is this?
Drug store - The site combines two-road access with a long-term absolute NNN lease and scheduled renewal options.
Where is this drug store located?
The property is located at 5125 W NORTHERN AVE Glendale, AZ.
What is the asking price?
The asking price for this property is $3,704,133.
What are key features of this property?
This property features: 13,833‑square‑foot building on approximately 2.06 acres; Leased to Walgreen Co. under an absolute NNN structure through June 2034; Scheduled 5% rent increases and twelve five‑year renewal options
