1975 Alma School Rd, Chandler, AZ 85286-6905

This exceptional investment opportunity presents a 13,905 square foot Walgreens, a credit-rated tenant, situated on a prominent 2.3-acre hard corner lot in Chandler, Arizona. The property enjoys a high-traffic location at the intersection of S Alma School Rd and W Germann Rd, with approximately 52,080 vehicles passing daily. The current Net Lease (NN+) agreement with Walgreens, the largest retail health and pharmacy chain in the US, has 1.2 years remaining with seven five-year renewal options. The property boasts a strong Net Operating Income (NOI) of $296,000, resulting in a 7.00% cap rate at an asking price of $4,230,000 ($304.21/sq ft). Built in 2000, this single-tenant building benefits from a robust demographic profile, with a population of approximately 108,026 and an average household income of $133,437 within a three-mile radius. Nearby amenities include Fry's (Kroger), Mountainside Fitness, and major medical facilities such as Banner Ocotillo Medical Center and Dignity Health Chandler Regional Medical Center. This location offers significant upside potential due to its size, tenant strength, and prime location within a dense employment corridor. The property's APN is 303-27-238.