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    3560 Peoria Ave Phoenix, AZ 85029

    For Sale
    $13,802,000

    High-yield, NNN leasehold investment.

    Property size:
    56,806 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional investment opportunity presents a portfolio of four CVS Pharmacy leasehold properties totaling 56,806 square feet. Strategically located across four states – Arizona, New Mexico, Pennsylvania, and Massachusetts – this portfolio offers a diversified geographic footprint and strong tenant occupancy. The properties are situated on a combined 11.99 acres of land. Each location benefits from a long-term absolute NNN lease with CVS Pharmacy, minimizing landlord responsibilities and providing predictable cash flow. The portfolio boasts a compelling asking price of $13,802,000, translating to a price per square foot of $242.97 and a strong 9.25% capitalization rate. The current Net Operating Income (NOI) stands at $1,276,705. Specific addresses include: 3560 W Peoria Ave, Phoenix, AZ 85029

    Property Features for 3560 Peoria Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    56,806 SF
    Lot Size
    522,284 SF

    HighLights

    • Four CVS Pharmacy properties totaling 56,806 square feet.
    • Portfolio located across four states: Arizona, New Mexico, Pennsylvania, and Massachusetts.
    • 11.99 acres of land.
    • Absolute NNN leases with CVS Pharmacy, minimizing landlord responsibilities.
    • Asking price: $13,802,000, $242.97/SF, 9.25% cap rate, $1,276,705 NOI.
    Property Profile Location Intelligence

    Current Use by Public Records

    CVS Pharmacy Pharmacy CVS Drug Store Redbox Movie Rental Kiosk CVS Minute Clinic Pharmacy Blue Box USPS Shipping And Mailing Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.1359889
    Latitude
    33.5824449

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    FAQs

    What type of property is this?
    Individual retail property - High-yield, NNN leasehold investment.
    Where is this individual retail property located?
    The property is located at 3560 Peoria Ave Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $13,802,000.
    What are key features of this property?
    This property features: Four CVS Pharmacy properties totaling 56,806 square feet.; Portfolio located across four states: Arizona, New Mexico, Pennsylvania, and Massachusetts.; 11.99 acres of land.
    Request Owner's contact information
    3560 Peoria Ave Phoenix, AZ 85029
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    Phoenix, AZ 85029
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3560 Peoria Ave Phoenix, AZ 85029
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