WALGREENS & SHOPS

Prime Location with Excellent Access: Positioned along W 8th Street, the center benefits from daily traffic volumes exceeding 17,463 VPD and is located just under two miles from Interstate 8, providing exceptional regional connectivity. Its central placement in Yuma draws consistent transient traffic from travelers commuting between Arizona and Southern California.
Exclusive Walgreens Tenancy: The subject property includes the only Walgreens within a 3.8-mile radius, offering a dominant retail presence with no other drugstores within 2 miles. Walgreens occupies approximately 70% of the GLA with a corporate-guaranteed NNN lease through August 2029 and options extending to 2048.
Strong Income and Cap Rate: Priced at $3,580,000 with a 7.25% cap rate, the property generates $259,427 in Year 1 NOI. The five-tenant strip center offers stable income with 100% occupancy and no deferred maintenance. Lease structures are primarily NNN, minimizing landlord obligations.
Attractive Tenant Mix with Longevity: In addition to Walgreens, the center includes Subway, Pollos El Correteado, Populus Finance, and 8th Street Liquor. Tenants have been in place for many years—several since the 1990s— demonstrating commitment and long-term viability.
High-Performing Local Demographics: The property serves a dense and growing trade area of 91,373 residents within 5 miles with an average household income of $72,502. Yuma’s expanding population base and proximity to California and Mexico enhance retail traffic and long-term demand.
Established Retail Trade Hub: Yuma maintains a low retail vacancy rate of just 2.9%, underscoring a strong retail environment. The property benefits from cotenancy and visibility among nearby retailers and service providers along two high-traffic corridors: W 8th Street and S Avenue A.
Long-Term Lease Security: Walgreens’ current base rent is $134,933 annually ($9.61 PSF) with scheduled rent increases beginning in 2029. Other tenants, such as Subway and 8th Street Liquor, also feature lease extensions with built-in escalations, supporting stable cash flow over time.
Growing Regional Economy: Yuma’s economy is driven by defense, agriculture, healthcare, and logistics, supported by institutions such as MCAS Yuma and Yuma Regional Medical Center. The city’s proximity to major transit routes and the U.S.- Mexico border fuels economic activity and retail stability.
Low-Cost, Business-Friendly Market: The region benefits from Arizona’s favorable tax environment and affordable cost of living, making it an attractive destination for both businesses and consumers. Yuma continues to grow as a regional commercial and retail center.
Recent Capital Improvements: The Seller has recently completed roof resurfacing and refreshed the parking lot with newly painted striping.

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Matthews Real Estate Investment Services, Inc