Listed by Marcus & Millichap - Manhattan
$3,862,500
Dark Walgreens w/Over Six Years Remaining
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,820
Cap Rate 9.45%
NOI $365,000
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 06/29/2032
Remaining Term 6.1
Price per SqFt $261
Year Built 2007
Acreage 1.710
Investment Type Net Lease
Retail | 9.45% CAP | 14,820 SqFt
Marketing description
Subject is a 14,820 Square-Foot Dark Walgreens on a 1.71-Acre Lot with Ample Parking, Pylon Signage, and Easy Ingress/Egress. The Absolute Net Lease is Corporate Guaranteed and has Over 6 Years Remaining, Has Over $2M in Future Payments as of May 2026.
Investment highlights
- Robust Traffic Counts on Academy Boulevard (45k VPD) and Flintridge Drive (12k VPD) (Source: CoStar, 2025)
- Well Established Retail Area | Nearby National Retailers Include: King Soopers, Walmart, Safeway, Target, AutoZone, O’Reilly Auto Parts, Advance Auto, Chase Bank, Wells Fargo, McDonald’s, Burger King, Slim Chickens, Chipotle, Starbucks, and Others
- Affluent Community with an Average Household Income of Over $102K within Five Miles of the Subject Asset, as of 2024
- Subject is 9 Miles from Colorado Springs Airport, Serving Over 2.3M Passengers Annually (coloradosprings.gov)
- Parks and Outdoor Recreational Facilities Nearby Include: US Olympic Training Center, Palmer Park, Memorial Park, Red Rock Canyon, Garden of the Gods, Pikes Peak, The Broadmoor, Colorado Springs Country Club, Patty Jewett Golf Course, and More
- Subject is 8 Miles from Downtown Colorado Springs with a Population of 493,554
Listing Contacts
Listed by Marcus & Millichap - Manhattan
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$365,000.00
$30,416.67/mo
Valuation Metrics
0
DSCR
9.45%
Cap Rate
9.45%
ROI
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