loader
Join Free
Views: 85 DOM: 193 Updated: 09.10.24 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 0.9
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...

...

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...


...

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

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity