Walgreens | Glendale, AZ

Agent Info

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Ryan Vinco

248.702.0299
ryan@encorereis.com

Brent Hanna

248.702.0293
brent@encorereis.com

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Offering Information

5011 W Union Hills Dr
Glendale, AZ 85308

  • Price: $4,200,800
  • Cap. Rate: 6.00%
  • NOI: $252,048
  • Building Size: 15,136SF
  • Lot Size: 1.76 AC

Investment Highlights

  • HARD CORNER SIGNALIZED INTERSECTION

    – 30,713 + VEHICLES/ DAY – W UNION HILLS DR
    – 16,700+ VEHICLES/ DAY – N 51ST AVE

  • ABSOLUTE NET LEASE STRUCTURE | ZERO LANDLORD RESPONSIBILITIES
  • FAVORABLE IN-PLACE LEASE ECONOMICS
  • EXTREMELY DENSE RESIDENTIAL INFILL IN IMMEDIATE AREA
  • PROTOTYPICAL FREE STANDING BUILDING WITH DRIVE-THRU
  • STRONG VISIBILITY AND EXCELLENT ACCESS FROM MAIN ROAD
  • STRATEGICALLY POSITIONED ACROSS THE STREET FROM DEER VALLEY HIGH SCHOOL | 2,000 ENROLLMENTS EACH YEAR CONSISTENTLY
  • LOCATED 1.9MI FROM ABRAZO ARROWHEAD HOSPITAL (217 BEDS)
  • WITHIN CLOSE PROXIMITY TO MIDWESTERN UNIVERSITY
  • 19 MILES AWAY FROM DOWNTOWN PHOENIX
  • POPULATION WITHIN 5 MILES: 318,252 AND GROWING BY 7.45%
  • AVERAGE HOUSEHOLD INCOME WITHIN 5 MILES: $79,299