This CVS/pharmacy is situated at the northeast corner of East Thomas Road and 24th Street in Phoenix, Maricopa County, Arizona. The newly-constructed site boasts a double drive-thru and pylon signage. East Thomas Road is a major east-west node, with approximately 70,000 vehicles per day at its intersection with 24th Street. This is a middle income neighborhood location, known as "Old Phoenix", with strong population density. On opposite corners of the subject property is a 7-Eleven and Carl's Green Burrito. South of the subject property is SK Plaza, a small mixed-use project with Krause Airco and Shaklie Distributors. In the immediate trade area, there are a number of national tenants including Dunkin' Donuts, Chase Bank, Embassy Suites, Wyndham Hotel and Napa Auto Parts. In addition, Los Ninos Hospital and Phoenix Children's Hospital are nearby. The subject property is surrounded by residential units, with over 175,000 people within a three-mile radius. The nearest national drug stores are about one mile from the subject property. Walgreens has three stores in the immediate trade area - one on East Thomas (one-mile); one on North 24th street (1.03-miles) and one on East Thomas (1.5-miles). The only other CVS/pharmacy is on Camelback Road, approximately 2.23 miles from the subject property. Maricopa County is located in the south-central part of Arizona. As of 2008, its population was 3,954,598, which ranks fourth among the nation's counties and is greater than the population of 24 states. The county seat is Phoenix, which is Arizona's largest city and capital. The center of population of Arizona is located in Maricopa County, in the town of Gilbert. It is by far Arizona's most populous county, encompassing well more than half of the state's residents. There are five Indian reservations located in the county. The largest of these are the Salt River Pima Maricopa Indian Community (East of Scottsdale) and the Gila River Indian Community (South of Phoenix), both of which have casino gambling.

Marcus & Millichap exclusively presents this CVS/pharmacy location for sale. The subject location commenced rent in July 2009 on a 25-year absolute net lease. To an investor's benefit, the lease has 5 percent rent increases in the first two five-year option periods, followed by eight five-year option periods with rent based on the fair market value (with a floor of the prior year