2785 Pinal Ave Casa Grande, AZ 85122-7916
Property Lookup
Property profile & analytics
2785 Pinal Ave Casa Grande, AZ 85122-7916
- Retail space
- 14,736 SF
- 2.04 lot acres
Property ID
US07-1192806
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- Kip A. Goebel, RPh / Pharmacy
- Walgreens / Pharmacy
- FedEx OnSite / Postal Service / Courier Service
- Western Union / Bank / Credit Union
Property Details for 2785 Pinal Ave
- Year built
- 2008
- Construction
- CONCRETE
- Lot size
- 2.04 lot acres
- Property size
- 14,736 SF
- Property type
- Retail space
- APN
- 504-31-7040
- APU
- 504317040
Description
This exceptional investment opportunity presents a leasehold interest in a 14,736 square foot Walgreens pharmacy located at 2785 N Pinal Ave, Casa Grande, Arizona, 85122. The property, built in 2008 and situated on a 2.05-acre lot, is a single-story building operating under an absolute NNN lease with a corporate guarantee from Walgreens (NASDAQ: WBA). The lease commenced on November 7, 2014, and extends until November 30, 2039, providing long-term stability and predictable cash flow. The current annual net operating income (NOI) is $177,921, representing a 7.41% cap rate on the asking price of $2,400,000. The tenant is responsible for all property taxes, insurance, maintenance, repairs, and operating expenses, including a $140,000 annual ground rent payment. This investment benefits from Casa Grande's robust growth, projected at over 8% year-over-year population increase and a 53.9% projected job growth over the next ten years. The property enjoys a prime location across from a high-performing Fry's Marketplace, further enhancing its retail synergy. Significant residential development is underway within a 5-mile radius, including nearly 1,500 units at the immediate intersection, promising continued strong demand. This is a rare opportunity to acquire a stable, high-performing asset in a rapidly expanding market.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,410,000
- 6.5%
- $2,225,000
- 7%
- $2,065,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,027,000
- AI Estimate
- $1,906,000
Market price range: $655k - $2.03MMarket price range: $608k - $1.91M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,490,000 Current use
- COMMERCIAL (GENERAL)
- $2,265,000 Change: +52% Conversion: Easy
- OFFICE BUILDING
- $2,030,000 Change: +37% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Casa Grande
- County
- Pinal
- State
- Arizona
- Longitude
- -111.758
- Latitude
- 32.9379
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$41,713
$79,977
$301,782
$381,759
-
$444,315
$1,676,565
$2,120,880
