16749 Shea Blvd Fountain Hills, AZ 85268-6602

This exceptional investment opportunity presents a 14,490-square-foot, single-story storefront formerly occupied by Walgreens, situated on a 2.2-acre lot in Fountain Hills, Arizona. The property boasts an absolute triple-net (NNN) lease with 3.8 years remaining, guaranteeing zero landlord responsibilities. The strong financial performance is reflected in an 11.11% cap rate and a substantial NOI of $333,270. Built in 2003, this property benefits from a prime location on Shea Boulevard, a major thoroughfare connecting Fountain Hills and Scottsdale. The surrounding area demonstrates robust economic indicators, including a 5-mile household income exceeding $154,100 and approximately $714.9 million in consumer spending within a 5-mile radius. The C-2 zoning allows for flexible future use. Furthermore, the property's adjacency to significant multifamily developments, including the approved Village at Four Peaks (approximately 316 units) and the completed Park Place at Fountain Hills (approximately 230 units), promises continued growth and increased value. A single-lane drive-thru on the west side of the building adds further convenience and potential. The asking price is $3,000,000. This is a rare opportunity to acquire a passively managed, high-return investment with significant upside potential.