A handful of buildings that have served as Walgreens locations are currently up for sale in Arizona, one of the states where the company in recent decades has been most heavily invested.
The pharmacy chain store giant, which is based in Deerfield, Illinois, announced last year that it was in the process of closing up to 1,500 of its outlets, with upwards of half of that number set to end operations by this summer.
Those closures come on top of another 900 stores that Walgreens shuttered between 2022 and 2024. At its height in 2010, Walgreens had more than 9,600 stores.
The reasons for the closings have been due to a combination of increasing competition from online pharmacies, some of which have been run by the company itself; a significant increase in shoplifting; and an oversaturation of Walgreens stores in some particular urban and suburban markets.
Properties belonging to the company that are currently up for sale in Arizona include a 10,000-square-foot, one-story structure in Gilbert at 4760 Val Vista Drive that was built just over a year ago and is classified as Class B building. The structure has a listing price of $7.4 million.
A nearly 15,000-square-foot building in Tucson is up for sale for $4.6 million. Located at 10405 North La Canada Drive, the structure was opened in 1997 and is designated as a Class B building.
Another Tucson Class B Walgreens location at 3180 North Campbell Avenue was built in 2001 and is listed for exactly $6 million.
Built in 2003, a Walgreens store in Mesa at 9233 E. Guadalupe Road is listed for $3.2 million, and measures 14,560 square feet. It, too, is a Class B structure.
A 25-year-old Class B building housing a Walgreens in Scottsdale at 11250 North Via Linda Road measures exactly 15,000 square feet and has an asking price of just over $6 million.
Walgreens locations generally measure anywhere from 13,500 square feet to 14,500 square feet and are usually, but not always, free-standing buildings.
The company opened one of its first stores in Arizona in Phoenix in 1933, a store that, among other things, sold toasters, electric clocks, and RCA-licensed radio tubes.
March 24, 2026
By Garry Boulard
1930’s Walgreen logo
