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Views: 108 DOM: 259 Updated: 10.28.24 Posted: 03.07.24 Status: Active

Summary

Price $3,750,000
Built/Renov 1995
Tenant Walgreens
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 13,500
Lease Start 07-01-2020
#Units 13,532
Price/SF $277.78
Expiration 06-30-2025
Tenant Type Pharmacy
NOI $225,000
R. Term 0.7
Ownership Fee Simple
Rent/SF $16.67
Increases 0.0%/0/yrs
Pop 5Mi 231,727
Lot/AC 1.48
Options 6/5yrs
AHHI 5Mi $147,721

Lease Highlights

  • Walgreens has been operating in this location since 1995
  • The tenant has 1+ year remaining on the current lease term with 6 (5-year) options to extend
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located on S University Blvd. and S Colorado Blvd., with accessto a combined daily traffic count of 50,557 vehicles. These two bustling streets run parallel from downtown all the way to a prominent retail hub in Highlands Ranch. Sharing this busy intersection are Village Center West, which hosts King Sooper’s Grocery, 7-Eleven, UCHealth Care, Pediatric Clinic, Ace...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 15,816 113,804 231,625
2023 Total Population : 15,512 112,481 225,667
2023 Employed Civilian Pop : 8,178 60,984 125,427
2023 Total Businesses : 359 2,524 10,252
2023 Average Household Income : $ 188,158 $ 179,612 $ 170,001
2023 Total Consumer Spending : $ 890 M $ 6180 M $ 12588 M
2023 Median Age : 39 40 41
2023 Total Households : 5,678 41,040 88,074
2023 Pop Age 25+: Bachelor's Degree : 4,214 31,085 64,297
2023 Average Home Value : $ 634,200 $ 621,268 $ 650,163
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Colorado Blvd S University Blvd 2013 17,911 0.05 mi
South Colorado Boulevard S University Blvd 2018 20,252 0.05 mi
South Colorado Boulevard S University Blvd 2019 19,644 0.06 mi
South Colorado Boulevard S University Blvd 2021 17,584 0.06 mi
S University Blvd S Colorado Blvd 2013 21,500 0.08 mi
South University Boulevard Drway 2021 35,102 0.10 mi
South University Boulevard E Highlands Ranch Pkwy 2019 40,637 0.10 mi
E Highlands Ranch Pkwy Drway 2012 27,082 0.12 mi
S University Blvd White Bay Dr 2015 28,324 0.13 mi
S University Blvd Drway 2012 33,180 0.18 mi

Listing Broker

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