CVS - Phoenix, AZ

Located in Phoenix – One of the Nation’s Premier Growth Markets – Phoenix continues to experience strong population growth, job growth, and corporate migration, making it one of the most desirable long-term investment markets in the United States and supporting continued retail and healthcare demand in the surrounding area.
Surrounded by Major Industrial and Residential Development – The property is located along the Lower Buckeye Road and Loop 202 corridor, one of Southwest Phoenix’s fastest-growing development areas. Nearby projects include the 3.4 million square foot CapRock West 202 Logistics development and a planned 63-acre mixed-use development with approximately 1,000 residential units and commercial space, supporting long-term population growth, job creation, and retail demand in the immediate area.
Large Parcel Size with Strong Real Estate Fundamentals – The property sits on a large parcel, providing strong underlying real estate value, excellent site visibility, and long-term redevelopment or alternative-use potential.
High Traffic Retail Corridor – The property benefits from strong traffic counts of approximately 35,270 vehicles per day, providing excellent visibility and consistent customer traffic to the location.
Strong Surrounding Demographics – The property is supported by strong local demographics including over 12,000 residents within a 1-mile radius and average household incomes exceeding $90,000, providing a strong customer base for pharmacy and retail services.
Passive Absolute NNN Investment – The property operates as an absolute NNN investment, providing passive ownership with no landlord responsibilities and predictable income, making it ideal for 1031 exchange and passive net lease investors.
Corporate Guarantee from CVS Health – The lease is corporately guaranteed by CVS Health (NASDAQ: CVS), one of the largest pharmacy and healthcare companies in the United States, providing investors with strong credit-backed income.

Navigation Menu

Key Information

Highlights

Photos

Location

Agents

Broker of Record

David Harrington