Walgreens
Southwest Drugstore Offering
$ 4,242,857
7.00 CAP
- Limited Competition with nearest Walgreens 4 miles away and nearest CVS is 7.2 miles south.
- Walgreens reports healthy sales.
- Replaceable rents that are inline with market, limiting downside risk.
- Supporting communities include The Highlands at Dove Mountain (1,297 single family homes), La Sonora (142 units) senior living community, Legacy Apartments (168 units).
- Ritz Carlton at Dove Mountain 5-star resort is 6 miles north of the Property with no retail competition nearby.
- Economic development includes Mattamy Homes (81 homesites 1M east), Southern Arizona Logistics Center (950,000 SF under construction), Bela Flor Communities (162 acre) housing and commercial development, and American Furniture Warehouse(200,000 SF).
