Drug Store
Absolute Net Walgreens | Aurora, CO
10601 E Alameda Ave, Aurora, CO 80012
Listing Price: $4,278,787
Cap Rate
8.25%
Tenant Name
Walgreens
Years Remaining On Lease
5.6
Guarantor
Corporate Guarantee
Rentable SF
14,783
Lease Type
Absolute Net
Rent Per Square Feet
$23.88
Investment Overview
Marcus & Millichap is pleased to bring to market Walgreens located in Aurora, CO.
Absolute Net Walgreens | Aurora, CO
Investment Highlights
- 2005 Build-to-Suit for Walgreens | 14,783-SF Building on +/-1.81-AC Parcel
- Absolute Net Lease With Over 5 Years Remaining and Ten, 5-Year Renewal Options | No Landlord Responsibilities | Percentage Rent Increases
- High Performing Location | Sales Consistently Well Above National Average | Corporately Guaranteed Lease
- Hard, Signalized Corner Location With Dedicated Turn Lanes and Drive-Thru Pharmacy | Adjacent to Multiple Medical Offices Near a Dense Retail Corridor
- Property Has Excellent Visibility Along E Alameda Ave, Seeing 33,700+ Vehicles Per Day, and S Havana St, Seeing 40,700+ Vehicles Per Day | 2 Miles Off of I-225 Connecting I-70 to I-25 Into Downtown Denver, 8 Miles From the Subject Property
- Proximity to Nationally Recognized Tenants, Including: 7-Eleven, Starbucks, Red Lobster, Circle K, Jets Pizza, Dick's Sporting Goods, Kohl's, Costco, Target, Safeway, Lowe's, Taco Bell, KFC and Many More
- Heavily Populated Demographics: Population Exceeds 201,000 Within 3-Miles of the Property and is Expected to Increase by 2028 | Population of 458,100, and an Average Household Income of $ 104,600+ Within 5-Miles
- Aurora is Colorado's Third Largest City and Is Apart of the Denver–Aurora–Lakewood Metropolitan Area With a Total Population of 2.9 Million, an Increase of 16.5 Percent Since 2010
Broker of Record
Listing Price: $4,278,787
Cap Rate
8.25%
Tenant Name
Walgreens
Years Remaining On Lease
5.6
Guarantor
Corporate Guarantee
Rentable SF
14,783
Lease Type
Absolute Net
Rent Per Square Feet
$23.88
Investment Highlights
- 2005 Build-to-Suit for Walgreens | 14,783-SF Building on +/-1.81-AC Parcel
- Absolute Net Lease With Over 5 Years Remaining and Ten, 5-Year Renewal Options | No Landlord Responsibilities | Percentage Rent Increases
- High Performing Location | Sales Consistently Well Above National Average | Corporately Guaranteed Lease
- Hard, Signalized Corner Location With Dedicated Turn Lanes and Drive-Thru Pharmacy | Adjacent to Multiple Medical Offices Near a Dense Retail Corridor
- Property Has Excellent Visibility Along E Alameda Ave, Seeing 33,700+ Vehicles Per Day, and S Havana St, Seeing 40,700+ Vehicles Per Day | 2 Miles Off of I-225 Connecting I-70 to I-25 Into Downtown Denver, 8 Miles From the Subject Property
- Proximity to Nationally Recognized Tenants, Including: 7-Eleven, Starbucks, Red Lobster, Circle K, Jets Pizza, Dick's Sporting Goods, Kohl's, Costco, Target, Safeway, Lowe's, Taco Bell, KFC and Many More
- Heavily Populated Demographics: Population Exceeds 201,000 Within 3-Miles of the Property and is Expected to Increase by 2028 | Population of 458,100, and an Average Household Income of $ 104,600+ Within 5-Miles
- Aurora is Colorado's Third Largest City and Is Apart of the Denver–Aurora–Lakewood Metropolitan Area With a Total Population of 2.9 Million, an Increase of 16.5 Percent Since 2010
Investment Overview
Marcus & Millichap is pleased to bring to market Walgreens located in Aurora, CO.
Broker of Record
-
Adam Lewis
First Vice President/Regional Manager
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