For Sale
$3,821,000

3560 Peoria AvePhoenix, AZ 85029

High-yield CVS Pharmacy, Phoenix, AZ

Overview

Added:
Dec 11, 2024
Days on market:
117
This Phoenix, Arizona, CVS Pharmacy offers a compelling investment opportunity with a strong tenant, long lease term, and significant remaining lease term. The property boasts a substantial square footage, ample parking, and a prime location within a thriving retail corridor. The absolute NNN lease structure minimizes landlord responsibilities, making it an attractive, low-management investment. The property features a drive-thru, further enhancing its appeal and profitability. This is a leasehold interest in the building. The property is situated on a sizable lot in a high-traffic area. The investment offers a substantial return with a considerable remaining lease term and multiple renewal options. The property benefits from a strong tenant with a high credit rating.

Highlights

  • 11 Years Remaining on Lease Term
  • Investment-Grade Tenant (S&P: BBB) with Drive-Thru
  • Excellent Location near Arizona State University and Metrocenter Mall
  • Absolute NNN Lease: Zero Landlord Responsibilities
  • High-Visibility Corner Lot in Dense Retail Area with Strong 5-Mile Demographics

Property Details for 3560 Peoria Ave

Property type
Retail properties, Drug stores
Square Feet
14,342 SF
Year Built
2009
Lot Size (sq. ft)
64,904 SF

Location Insight

City
Phoenix
County
Maricopa
State
Arizona
Latitude
33.5824449
Longitude
-112.1359889
3560 Peoria Ave, Phoenix, Arizona

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3560 Peoria Ave
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