Chandler, AZ

• Listed by Brian Brockman, Bang Realty -  Arizona Inc, 513-898-1551, wg@bangrealty.com, AZ DRE Lic. BR691523000.
• Scheduled 5% rent increase in 2029 from the current $389,675.76 annually, to $409,159.56.
• Chandler Regional Medical Center, less than 1 mile from the property, operates 429 beds within the Dignity Health system and provides a steady customer base for the property's pharmacy segment.
• Located 2 Miles NE from where Loop 101 and Loop 202 Intersect. The property is situated on the signalized hard corner of N Dobson Rd and W Chandler Blvd, combining for over 61,000 vehicles per day.
• New Multi-Family developments ‘Alta Uptown’ and ‘Encore Novo’, are within 3.5 miles of the property, bringing over 630 new units to the market.
• The property sits 4.5 miles to the north of Intel's semiconductor campus which is home to 10,000 employees.

We are pleased to market for sale the leasehold interest for the CVS property located at 180 N Dobson Road in Chandler, Arizona ("The Property"). CVS has been successfully operating at this location for over 15 years and has over 8.5 years remaining in the primary term. The lease calls for 8 (5-year) options with 5% rental increases in the first two option periods. The property is on an absolute net lease with no landlord obligations whatsoever.

The Property is located 2 miles northeast of where Loop 101 and Loop 202 intersect, at the signalized hard corner of North Dobson Road and West Chandler Boulevard, with a combined traffic count that exceeds 61,000 vehicles per day. It benefits from its placement in a dense retail corridor with over 4.6 million square feet of existing retail space within 2 miles, anchored by major national tenants such as Home Depot, Lowe’s, TJ Maxx, and Nordstrom Rack.

Within the immediate trade area, there is a population of over 127,000 residents within a 3-mile radius, and the average household income exceeds $105,000. The area is also seeing continued residential growth, with over 630 new housing units recently completed across projects such as Alta Uptown and Encore Novo, both located within 3.5 miles of the Property.

Situated within the Phoenix Metropolitan Statistical Area (MSA), Chandler ranks as one of the region's fastest-growing suburbs. The Property is positioned just 4.5 miles north of Intel’s major semiconductor campus, which employs over 10,000 individuals and has spurred numerous supplier and tech company relocations to the area.

The Property is located less than 1-mile from Chandler Regional Medical Center—a 429-bed facility and part of the Dignity Health system—making it the closest pharmacy provider for one of the region’s largest hospitals and supporting steady foot traffic and prescription volume at this location.