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Drug Store

Walgreens

8799 Washington St, Thornton, CO 80229

Listing Price: $7,600,000

Cap Rate
5.00%
Tenant Name
Walgreens
Years Remaining On Lease
10.7
Gross SF
14,490
Guarantor
Corporate Guarantee
Rentable SF
14,490
Price/Gross SF
$524.50
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.23

Investment Overview

Walgreens is an American pharmaceutical company which operates the largest drug retailing chain in the United States of America. It specializes in serving prescriptions, health & wellness products, health information and photo services. As of 2021, the company operated 8,965 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. It was founded in Chicago, Illinois, in 1901. The Walgreens headquarters office is in the Chicago suburb of Deerfield, Illinois. Thornton is a diverse community with a strong commitment to quality of life. The Denver metropolitan area in which Thornton is located consistently ranks as one of the most desirable areas to live in the United States. The community’s location, 10 miles north of downtown Denver and adjacent to Interstate 25, provides high visibility for business while still allowing easy access to various transportation routes.

Investment Highlights

  • Absolute Triple-Net (NNN) Corporate Lease
  • 19+ Year Operating History - Tenant has Occupied Site Since 2003
  • 311,054 Residents within a Five-Mile Radius - Dense, Growing Thornton Trade Area within the Denver MSA
  • High Traffic and Signalized Hard Corner Location with 45,000+ Cars/Day at the Intersection of Washington Street and East 88th Avenue
  • Minutes from North Suburban Medical Center (157 Beds)
  • Several Points of Ingress/Egress via Washington Street, 88th Avenue, and Pearl Street
  • Across from Walmart Neighborhood Market and Surrounded by National Retailers - McDonald's, Dunkin', Sonic Drive-In, Harley-Davidson, and More
  • Less Than One Mile Off the I-25 (171,000+ Cars/Day), a Major Denver Area Connector with Direct Access to Downtown Denver

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Financing By

Listing Price: $7,600,000

Cap Rate
5.00%
Tenant Name
Walgreens
Years Remaining On Lease
10.7
Gross SF
14,490
Guarantor
Corporate Guarantee
Rentable SF
14,490
Price/Gross SF
$524.50
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.23

Investment Highlights

  • Absolute Triple-Net (NNN) Corporate Lease
  • 19+ Year Operating History - Tenant has Occupied Site Since 2003
  • 311,054 Residents within a Five-Mile Radius - Dense, Growing Thornton Trade Area within the Denver MSA
  • High Traffic and Signalized Hard Corner Location with 45,000+ Cars/Day at the Intersection of Washington Street and East 88th Avenue
  • Minutes from North Suburban Medical Center (157 Beds)
  • Several Points of Ingress/Egress via Washington Street, 88th Avenue, and Pearl Street
  • Across from Walmart Neighborhood Market and Surrounded by National Retailers - McDonald's, Dunkin', Sonic Drive-In, Harley-Davidson, and More
  • Less Than One Mile Off the I-25 (171,000+ Cars/Day), a Major Denver Area Connector with Direct Access to Downtown Denver

Investment Overview

Walgreens is an American pharmaceutical company which operates the largest drug retailing chain in the United States of America. It specializes in serving prescriptions, health & wellness products, health information and photo services. As of 2021, the company operated 8,965 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. It was founded in Chicago, Illinois, in 1901. The Walgreens headquarters office is in the Chicago suburb of Deerfield, Illinois. Thornton is a diverse community with a strong commitment to quality of life. The Denver metropolitan area in which Thornton is located consistently ranks as one of the most desirable areas to live in the United States. The community’s location, 10 miles north of downtown Denver and adjacent to Interstate 25, provides high visibility for business while still allowing easy access to various transportation routes.

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

Financing By

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