$2,307,692
Commercial Property for Sale in Sierra Vista Arizona 85635
Sierra Vista, Arizona
Soft OfferCommercial Property for Sale in Casa Grande Arizona 85122
2785 N Pinal Ave, Casa Grande, Arizona 85122
$2,400,000
$163 / sq ft 7.41% cap rate Listed Sep 3, 2024
14,736 sqft
Building
2 acres
Lot
2008
Built
1
Stories
1
Units
Class B
Class
About this property
Commercial Property for Sale in Casa Grande Arizona 85122 is a retail for sale in Casa Grande, Arizona, listed at $2,400,000. Key details: year built 2008, building size 14,736 sqft, lot size 2 acres, stories 1. Listed by Tim Westfall of Echo West Capital Advisors on LoopingCloud and last updated September 3, 2024.
This property offers a prime investment with an Absolute NNN Leasehold Interest, requiring zero landlord responsibilities. The tenant, Walgreens (NASDAQ: WBA), covers all taxes, insurance, maintenance, and $140,000 annual ground rent.
Situated in Casa Grande, Arizona—one of the fastest-growing communities in the state—the property benefits from a thriving local economy with major companies driving a projected job growth of 53.9% over the next decade. It's located across from a top-performing Fry’s Marketplace, which draws over 1.6 million visitors annually. Additionally, about 7,400 new residential units are planned or under construction nearby, enhancing the area's appeal.
This combination of a strong corporate tenant, high-growth location, and robust real estate fundamentals makes this property a standout investment opportunity.
Key highlights
- Pharmacy/Drug
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 2008
- Building Size
- 14,736 sqft
- Lot Size
- 2 acres
- Stories
- 1
- Total Units
- 1
- Building Class
- Class B
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Net Operating Income
- $177,921
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
7.41%
Cap rate
$177,921
Net operating income
$163
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $2,400,000 | 7.41% | - | - | - |
Features and amenities
Property Other Use Types
- Pharmacy/Drug
Prominent Tenants
- Offering features an absolute triple net lease with zero landlord responsibilities. The tenant is responsible for all taxes, insurance, maintenance, repair, operating costs, and ground rent payments ($140,000/year) associated with the property.
- Lease is corporately guaranteed by Walgreens
Highlights
- anked as one of the fastest growing submarkets in the state of Arizona with a population growth rate that has exceeded 8% year-over-year.
Location
Address as shown by the lister.
Get directionsNeighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Property documents
1 file to downloadLinks
1 linkFrequently asked questions
What is the asking price of Commercial Property for Sale in Casa Grande Arizona 85122?
Commercial Property for Sale in Casa Grande Arizona 85122 is listed at $2,400,000. That works out to about $163 per square foot. The stated cap rate is 7.41%.
Where is Commercial Property for Sale in Casa Grande Arizona 85122 located?
The property is in 2785 N Pinal Ave, Casa Grande, Arizona 85122, Pinal County.
What type of property is this?
This is a retail for sale in the commercial category.
How big is the property?
The building is 14,736 sqft. The lot is 2 acres.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Tim Westfall of Echo West Capital Advisors listed this property. Use the Request Info button to send a message or call (602) 628-6298.
When was this listing published?
It was published on September 3, 2024 and last updated on September 3, 2024.
Listing information
- Listing ID
- CL-Arizona-11666
- Published
- Sep 3, 2024
- Last updated
- Sep 3, 2024
- Views
- 368
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Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.
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