4657 Chandler Blvd Phoenix, AZ 85048-0424
Property profile & analytics
4657 Chandler Blvd Phoenix, AZ 85048-0424
- Drug stores
- 13,375 SF
- 1.47 lot acres
Property ID
US07-2656283
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
- CVS Pharmacy / Pharmacy
- CVS / Pharmacy
- Cardtronics ATM / Atm
- MoneyGram / Bank / Credit Union
- UPS Access Point location / Courier Service / Postal Service
Property Details for 4657 Chandler Blvd
- Year built
- 2003
- Construction
- CONCRETE
- Lot size
- 1.47 lot acres
- Property size
- 13,375 SF
- Zone code
- C-2
- Property type
- Drug stores
- APN
- 307-03-890
- APU
- 30703890
Description
This exceptional investment opportunity presents a fee-simple, single-tenant, 13,434-square-foot CVS Pharmacy located in Phoenix, Arizona. The property, built in 2004, benefits from a rare 20-year absolute NNN lease (commencing February 16, 2021, and expiring February 28, 2041), with four additional five-year renewal options. The lease includes 5% rent bumps in option periods and features a corporate guarantee from CVS Health Corp. There are no landlord responsibilities. Situated on a 1.468-acre lot at the southwest corner of 48th Street and Chandler Boulevard, this Class A property enjoys a prime location, a block from Interstate 10, within the Foothills Corporate Park, and surrounded by strong co-tenants including Kohl's, AutoZone, Starbucks, and numerous other retail and dining establishments. The property boasts 100% occupancy and a strong net operating income (NOI) of $330,000, resulting in a 4.25% cap rate and a price per square foot of $578.01. The location is in a highly desirable area with an average household income exceeding $134,000. This investment offers exceptional long-term stability and significant return potential, backed by a publicly traded, investment-grade tenant. The property's strategic location, long-term lease, and strong tenant make it an attractive addition to any portfolio. The asking price is $7,765,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,835,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,834,000
- AI Estimate
- $6,729,000
Market price range: $1.57M - $7.37MMarket price range: $1.53M - $7.24M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,985,000 Current use
- COMMERCIAL (GENERAL)
- $9,315,000 Change: +134% Conversion: Easy
- RESTAURANT
- $7,145,000 Change: +79% Conversion: Easy
- AUTO REPAIR, GARAGE
- $5,650,000 Change: +42% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.981
- Latitude
- 33.3047
- 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
$56,556
$0.00
$0.00
$717,398
-
$2,108,800
$2,239,068
$4,347,868
