4315 W Mcdowell Rd Phoenix, AZ 85008

Property Details for 4315 W Mcdowell Rd

Year built

2000

Construction

CONCRETE

Lot size

1.79 lot acres

Property size

15,048 SF

Zone code

C-2

Property type

Drug stores

APN

103-34-001E

APU

10334001E

Description

This exceptional investment opportunity presents a 14,995-square-foot Walgreens pharmacy located at 4315 W McDowell Rd, Phoenix, AZ 85035. The property sits on a 1.882-acre lot and boasts a strong 6.61% cap rate, generating a substantial net operating income (NOI) of $228,069. The property features an absolute triple-net (NNN) lease with a corporate guarantee from Walgreens, providing significant security for investors. The lease commenced on July 30, 2002, and expires on July 31, 2027, with 10-year, 5-year renewal options. Built in 2000, this well-established location benefits from a 100% occupancy rate and a 22+ year operating history. The property enjoys excellent visibility and accessibility at the corner of West McDowell Road and North 43rd Avenue, a high-traffic intersection with a combined 104,000 cars per day. Its strategic location offers direct access to Interstate-10, providing convenient access to downtown Phoenix and Phoenix Sky Harbor International Airport. The property is situated in a densely populated area, with 408,096 residents within a five-mile radius. This is a depreciable fee-simple property offering a compelling combination of strong tenant, high-yield returns, and a prime location within the Phoenix metropolitan area. The asking price is $3,450,000.

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Longitude

-112.153

Latitude

33.4655

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments