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30859799
30859798

835 E 17th Ave, Longmont, CO 80504

BB
CO 100075683, OH BRK.200900214 (+21)
Bang Realty
Listed by Bang Realty
$4,240,337
91 days on market
Updated 41 days ago

Northern Colorado Walgreens | Affluent Demos

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,412
Cap Rate 8%
NOI $339,227
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 07/31/2028
Remaining Term 2.1
Lease Options 10 (5-Year)
Price per SqFt $294
Year Built 2003
Acreage 1.620
Investment Type Net Lease

Retail | 8.00% CAP | 14,412 SqFt

Marketing description

We are pleased to market for sale the Walgreens property located at 835 E 17th Ave, Longmont, CO 80504 (the “Property”). The current lease term runs through July 31, 2028, with ten (5-Year) renewal options. Walgreens operates under a triple net lease, with the tenant responsible for all property expenses.

The surrounding area supports strong demographics, with an average household income of $117,577 within a 1-mile radius and a population exceeding 94,000 within a 5-mile radius.

Longmont is positioned within Colorado’s innovation and advanced manufacturing corridor, supported by key infrastructure investments and business incentives. In 2024, Longmont secured one of only two CHIPS Zone designations in Colorado, unlocking refundable state tax credits for companies involved in semiconductor design and manufacturing. Existing fabrication and R&D operations by firms such as Seagate, AMD, and Micron already anchor the region’s advanced electronics cluster.

Longmont’s economic development platform also highlights more than 40 IT, aerospace, robotics, and hardware companies active in the area, including Scythe Robotics, Intelliprop, and Seagate Technology. In addition to the CHIPS Zone, the city offers Enterprise Zones, and high-capacity municipal gigabit broadband infrastructure through its city-run NextLight network.

Investment highlights

  • Walgreens lease runs through July 31, 2028, with ten (5-year) renewal options and no landlord obligations.
  • Average household income of $117,577 within a 1-mile radius and a population of over 94,000 within 5 miles.
  • Positioned in Longmont, part of the Boulder MSA and the Front Range Urban Corridor, with access to skilled labor and research institutions.
  • One of only two CHIPS Zones in Colorado, providing refundable tax credits for semiconductor-related businesses and reinforcing the area’s economic foundation.
  • Surrounded by major employers including Seagate, AMD, Micron, and over 40 tech, aerospace, and hardware companies.

Listing Contacts

BB
CO 100075683, OH BRK.200900214 (+21)
Bang Realty
Listed by Bang Realty

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$339,227.00
$28,268.92/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Brian Brockman
License
100075683
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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