1975 Alma School RdChandler, AZ 85286

Property Details for 1975 Alma School Rd

Year built

2000

Construction

CONCRETE

Lot size

2.30 AC

Property size (Sq ft)

13,905 SF

Zone code

PAD

Property type

Drug stores

APN

303-27-238

APU

30327238

Description

This exceptional investment opportunity presents a 13,905 square foot Walgreens, a credit-rated tenant, situated on a prominent 2.3-acre hard corner lot in Chandler, Arizona. The property enjoys a high-traffic location at the intersection of S Alma School Rd and W Germann Rd, with approximately 52,080 vehicles passing daily. The current Net Lease (NN+) agreement with Walgreens, the largest retail health and pharmacy chain in the US, has 1.2 years remaining with seven five-year renewal options. The property boasts a strong Net Operating Income (NOI) of $296,000, resulting in a 7.00% cap rate at an asking price of $4,230,000 ($304.21/sq ft). Built in 2000, this single-tenant building benefits from a robust demographic profile, with a population of approximately 108,026 and an average household income of $133,437 within a three-mile radius. Nearby amenities include Fry's (Kroger), Mountainside Fitness, and major medical facilities such as Banner Ocotillo Medical Center and Dignity Health Chandler Regional Medical Center. This location offers significant upside potential due to its size, tenant strength, and prime location within a dense employment corridor. The property's APN is 303-27-238.

• CAP approach

  CAP return

  Valuation

  6%

  $3,180,656

  6.5%

  $2,935,990

  7%

  $2,726,276

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,401,508

  Geo Method

  $5,401,508

• Alternative Use

  Use

  Valuation

  Residential

  $2,476,618

  Hospitality

  $2,268,568

  Educational

  $1,887,422

  Medical

  $1,952,334

  Retail

  $2,935,990

Location Insight

City

Chandler

County

Maricopa

State

Arizona

Latitude

33.2772

Longitude

-111.858

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].