Drug Store
Walgreens
2600 11th Ave, Greeley, CO 80631
Listing Price: $5,930,000
Investment Overview
The subject property is a Walgreens Drug Store located at 2600 11th Avenue, Greeley, Colorado. The 13,625 square foot building with drive thru lane was constructed in 2007 and sits on a 1.09 acre parcel on a signalized intersection in front of the University Square Shopping center near the intersection of US Highway 34 and 85, two blocks south of the University of Northern Colorado. Nearby retailers include Big Lots!, King Soopers, dds discounts, Dollar Tree, Starbucks, Burger King, Jimmy Johns, Carls Jr. and more.
There are nearly 9 years of firm term remaining on an absolute triple net (NNN) lease with Walgreens where the tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. The lease expires in August of 2082 and is subject to a tenant termination right with 12 months notice after September 1st, 2032. Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the U.S. and Europe with nearly 9000 stores in all 50 US states and is publicly traded (Nasdaq: WBA) with a net worth of over $29 Billion and an investment grade credit rating
(S&P: BBB). The offering also includes a mineral rights lease which may provide additional income.
Greeley, Colorado is located approximately 50 miles north of Denver and 30 miles from Fort Collins and is the County Seat of Weld County and is known for reasonably priced housing with easy access to Windsor, Fort Collins, Loveland, Longmont, Boulder, and Denver. Major employers include JBS Foods, Banner Health North Colorado Medical Center, Weld County, University of Northern Colorado and State Farm Insurance. The Greeley metro area was ranked as the fastest growing “city” in Colorado by 24/7 Wall Street with a population growth of 32.1% from 2010-2020.
Investment Highlights
- 13,625 SF Walgreens with a drive thru that has been operating at this location since 2007
- Located at a hard corner, signalized intersection in front of a grocery anchored shopping center
- Adjacent to a multitude of national retailers and less than 1 mile from the University of Northern Colorado
- The Greeley metro area was ranked as the fastest growing "city" in Colorado by 24/7 Wall Street with a population growth of 32.1% from 2010-2020
- Nearly 9 years firm term remaining on Absolute NNN lease
Broker of Record
Financing By
Listing Price: $5,930,000
Investment Highlights
- 13,625 SF Walgreens with a drive thru that has been operating at this location since 2007
- Located at a hard corner, signalized intersection in front of a grocery anchored shopping center
- Adjacent to a multitude of national retailers and less than 1 mile from the University of Northern Colorado
- The Greeley metro area was ranked as the fastest growing "city" in Colorado by 24/7 Wall Street with a population growth of 32.1% from 2010-2020
- Nearly 9 years firm term remaining on Absolute NNN lease
Investment Overview
The subject property is a Walgreens Drug Store located at 2600 11th Avenue, Greeley, Colorado. The 13,625 square foot building with drive thru lane was constructed in 2007 and sits on a 1.09 acre parcel on a signalized intersection in front of the University Square Shopping center near the intersection of US Highway 34 and 85, two blocks south of the University of Northern Colorado. Nearby retailers include Big Lots!, King Soopers, dds discounts, Dollar Tree, Starbucks, Burger King, Jimmy Johns, Carls Jr. and more. There are nearly 9 years of firm term remaining on an absolute triple net (NNN) lease with Walgreens where the tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. The lease expires in August of 2082 and is subject to a tenant termination right with 12 months notice after September 1st, 2032. Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the U.S. and Europe with nearly 9000 stores in all 50 US states and is publicly traded (Nasdaq: WBA) with a net worth of over $29 Billion and an investment grade credit rating (S&P: BBB). The offering also includes a mineral rights lease which may provide additional income. Greeley, Colorado is located approximately 50 miles north of Denver and 30 miles from Fort Collins and is the County Seat of Weld County and is known for reasonably priced housing with easy access to Windsor, Fort Collins, Loveland, Longmont, Boulder, and Denver. Major employers include JBS Foods, Banner Health North Colorado Medical Center, Weld County, University of Northern Colorado and State Farm Insurance. The Greeley metro area was ranked as the fastest growing “city” in Colorado by 24/7 Wall Street with a population growth of 32.1% from 2010-2020.
Broker of Record
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Adam Lewis
First Vice President/Regional Manager
Financing By

