Phoenix, AZ

• Listed by Brian Brockman, Bang Realty - Arizona Inc, 513-898-1551, wg@bangrealty.com, AZ DRE Lic. BR691523000.
• Situated at the intersection of Indian School Road and 7th Street with traffic counts exceeding 98,118 vehicles per day.
• Located within the Phoenix Medical Quarter and in proximity to Park Central, home to Creighton University Health Science Campus, Carl T. Hayden Veterans' Administration Medical Center & Hospital, Barrow Neurological Institute, and St. Joseph’s Hospital totaling over 1,200 licensed beds.
• Less than 3 miles from downtown Phoenix and close to high-density residential, including a 1,450-unit mixed-use project and a 210-unit multifamily development underway.
• Surrounded by a dense population with over 430,000 residents in a 5-mile radius.

We are pleased to market for sale the CVS property located at 711 E Indian School Road, Phoenix, AZ 85014 (the “Property”). CVS has operated at this site since 2012 under an absolute triple-net (NNN) lease with no landlord responsibilities. The current lease term runs through September 30, 2037, and includes ten (5-year) renewal options.

The Property is located at the intersection of Indian School Road and 7th Street, one of Phoenix’s highest-trafficked corridors, with visibility to over 98,000 vehicles per day. The site benefits from close proximity to major healthcare institutions, including the Carl T. Hayden VA Medical Center (251 beds, 0.8 miles away), Phoenix Children’s Hospital (457 beds, 2.6 miles), and Banner – University Medical Center Phoenix (712 beds, 2.7 miles), supporting steady customer base in the surrounding area.

The property is also part of the designated Phoenix Medical Quarter, which includes Creighton University Health Science Campus, Dignity Health St. Joseph’s Hospital, Barrow Neurological Institute, and the WearTech Applied Research Center, a growing cluster of medical education and research institutions.

Significant new development has been approved in the surrounding area, including Central Park at Steele Indian School Park, a mixed-use project that will feature five buildings with a total of 1,450 residential units, a 320-unit senior living facility, and 245,000 square feet of office, retail, and restaurant space. Petree Development is also planning to break ground on a 22-story building that will include 1,500 multi-family residential units and 20,000 square feet of ground-floor retail. In addition, a 210-unit multifamily project by Trinsic Residential Group called ‘Äura Uptown’ is currently under construction nearby” and expected to open Summer of 2025.