For Sale
$4,038,000

1150 8Th St Yuma, AZ 85364

High-yield Walgreens anchored retail investment.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a fee-simple ownership (land and building) of a 20,015-square-foot, multi-tenant retail property in Yuma, Arizona. Anchored by a Walgreens pharmacy, operating successfully for nearly 30 years, this property boasts 100% occupancy and a strong tenant lineup featuring e-commerce resistant businesses. The Walgreens lease has recently been extended for five years, incorporating future rent increases that protect against inflation and demonstrate the tenant's long-term commitment. All leases are triple-net (NNN), minimizing landlord responsibilities and maximizing passive income. The property sits on a 2.42-acre lot with 124 parking spaces, conveniently located at a signalized intersection of South Avenue and West 8th Street, experiencing a combined daily traffic count of 40,400 vehicles. Its strategic position near a major grocery store and a large regional retail center, coupled with a strong demographic profile (over 90,000 residents within a 5-mile radius, average household income of $76,428), ensures consistent cash flow. The property features a 7.00% cap rate and a net operating income (NOI) of $282,652, with an asking price of $4,038,000 ($201.75/sq ft). Built in 1994, the property is zoned for commercial use (C) and has an APN of 632-64-142. This is a low-management, high-return investment opportunity with significant upside potential.

Highlights

  • Fee-simple ownership of a 20,015-square-foot, multi-tenant retail property in Yuma, Arizona, with a Walgreens anchor tenant.
  • Excellent location at a signalized intersection with high daily traffic counts, near a major grocery store and regional retail center.
  • Strong demographics, with over 90,000 residents and a $76,428 average household income within a 5-mile radius.

Property Details for 1150 8Th St

Property type
Retail properties, Drug stores
Square Feet
20,015 SF
Year Built
1994
Lot Size (sq. ft)
105,415 SF

Location Insight

City
Yuma
County
Yuma
State
Arizona
Latitude
32.7139305
Longitude
-114.6338572

FAQs

What type of property is this?
Retail property - High-yield Walgreens anchored retail investment.
Where is the retail property located?
The property is located at 1150 8Th St Yuma, AZ.
What is the asking price?
The asking price for this property is $4,038,000.
What are key features of this property?
This property features: Fee-simple ownership of a 20,015-square-foot, multi-tenant retail property in Yuma, Arizona, with a Walgreens anchor tenant.; Excellent location at a signalized intersection with high daily traffic counts, near a major grocery store and regional retail center.; Strong demographics, with over 90,000 residents and a $76,428 average household income within a 5-mile radius.
How can I contact the broker?
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1150 8Th St
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