Walgreens | Corp Abs NNN | DriveThru
13,799 SF | Retail Building | Woodland Park, CO 80863 | $4,469,000 ($324/SF) | 7.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,469,000
- Property Type
-
Retail
- Square Feet
- 13,799 SF
- Price / Square Foot
- $324
Listing Contacts
John Redfield
Verified Profile
Kyle Zimmer
Verified Profile
Joe Chichester
Verified Profile
- Property Info
Property Overview
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed, Walgreens investment property located in Woodland Park, Colorado. The tenant, Walgreen Co. (NASDAQ: WBA), has over 6-years remaining on its lease with 10 (5-year) options to extend, demonstrating their commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Founded in 1901, Walgreens is among America’s largest pharmacies and health & beauty companies with 9,000+ stores in operation.
Property Details
- Class
- B
- Year Built
- 2005
- Stories
- 1
- Property Subtype
- Drug Store, Freestanding
- Lot Size (sq. ft)
- 53,579 SF
Highlights
- Long Term Tenancy | Options To Extend | Corporate Guaranteed
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Across From Safeway (740K+ Visitors) | National/Credit Tenants Excellent Visibility & Access | Direct Consumer Base
- Strong Demographics In 5-Mile Trade Area | Colorado Springs MSA
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