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1959 N Grand Ave, Nogales, AZ, 85621

Walgreens
$3,400,000

Key Information

Cap Rate
9%
$ per SF
$233
Tot. SF
14,533
Lot Size
1.84 Acres
Year Built
2004
Term Remaining
± 4 Years
Type
Retail

Highlights

• Premier Hard Corner Location in the Heart of Nogales, Arizona – Walgreens has successfully operated at this signalized intersection for more than 22 years, solidifying its position as a trusted healthcare and retail destination within the community.
• Exceptional Real Estate Fundamentals – The fee-simple corner parcel features two dedicated curb cuts, providing excellent ingress and egress. The site offers outstanding visibility, accessibility, and flexibility with minimal development constraints.
• Exclusive Pharmacy Presence – As the only major stand-alone pharmacy serving the area, Walgreens fulfills a critical healthcare need and benefits from a highly defensible competitive position within the local market.
• Strong Cross-Border Consumer Demand – Strategically positioned near the U.S.–Mexico border, the property captures consistent customer traffic from both American and Mexican consumers, supported by long standing cross-border commerce and shopping patterns.
• Gateway to the Mariposa Port of Entry – Located as an outparcel to Mariposa Shopping Center, the property enjoys strong retail synergies, exceptional exposure, and direct access to one of the region’s most important trade and transportation corridors. The site is just minutes from the Mariposa Port of Entry, a key gateway for international commerce and travel.

Photos

Location

Agents

Broker of Record

David Harrington

License # BR715518000, CO701910000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251