Phoenix, AZ - Walgreens (Thomas Rd)

Description:

• 13 years remaining with twelve (12) 5-year renewal options
• 5% rent increases every 5 years during base term and options
• Corporate-backed lease (Walgreens Co.)

• 0.3 miles from 500+ bed Phoenix Children’s Hospital Thomas Campus
• High prescription demand from expanding medical center
• 13.8 MSF retail, 40.2 MSF office, 8.7 MSF industrial, and 47,000+ multifamily units within 3 miles
• Positioned at the intersection of East Thomas Rd (31,000 VPD) & North 16th St (27,500 VPD)
• Nearby State Hwy 51 (166,400 VPD) and <5 miles from Downtown Phoenix