Description

Cushman & Wakefield is pleased to present the opportunity to acquire a net-leased investment occupied by Walgreens, one of the most recognized pharmacy and healthcare retailers in the United States. The property is secured by a corporate-signed lease, providing investors with a stable and predictable income stream backed by a nationally recognized credit tenant with a long operating history at this location. Founded in 1901, Walgreens has grown into one of the nation’s largest pharmacy and healthcare service platforms, operating approximately 8,000 locations across all 50 states and U.S. territories while employing nearly 310,000 team members, including approximately 90,000 healthcare professionals. In fiscal year 2024, Walgreens generated approximately $147.6 billion in revenue, underscoring the company’s significant role within the U.S. healthcare infrastructure. In August 2025, Walgreens was acquired by Sycamore Partners and taken private in a transaction valued at approximately $23.7 billion, further reinforcing the company’s long-term strategic backing. The subject property is strategically positioned at the signalized hard corner of Frank Lloyd Wright Boulevard and Via Linda in Scottsdale, an affluent and densely populated trade area supported by average household incomes exceeding $202,000 within a five-mile radius. The site benefits from excellent visibility, traffic counts of approximately 42,335 vehicles per day, and close proximity to a strong lineup of national retailers including Albertsons, McDonald’s, Chevron, Chase Bank, The UPS Store, Domino’s Pizza, EōS Fitness, and Ace Hardware. In addition, the approximately ±1.97-acre parcel offers long-term optionality and potential future redevelopment value within one of Scottsdale’s most desirable commercial corridors. This offering represents an opportunity to acquire a well-positioned Walgreens investment featuring durable cash flow, strong underlying real estate fundamentals, and long-term value supported by a nationally dominant healthcare retailer.