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Drug Store

Walgreens Absolute NNN Lease (No ROFR)

280 Main St, Colorado Springs, CO 80911

Listing Price: $4,117,506

Cap Rate
7.50%
Tenant Name
Walgreens
Years Remaining On Lease
1.6
Gross SF
13,905
Guarantor
Corporate Guarantee
Rentable SF
13,905
Price/Gross SF
$296.12
Lease Type
Absolute Net
Rent Per Square Feet
$22.21

Investment Overview

Marcus & Millichap is pleased to present for sale this Absolute Net Leased
Walgreens located at 280 Main Street in Colorado Springs, Colorado, the principal
city of the Colorado Springs Metropolitan Area, which has a total population of
755,105. The subject property consists of a 13,905 SF free-standing building
with a drive-thru, situated on a 1.42-acre parcel at a hard-corner, signalized
intersection with over 25,000 vehicles per day.
The property is well positioned within Security-Widefield, a census-designated
place (CDP) encompassing the unincorporated communities of Security and
Widefield in El Paso County, Colorado. Located just south of Colorado Springs,
Security-Widefield is a growing suburban area known for its strong military
presence, family-friendly neighborhoods, and convenient access to major
employment centers. The community benefits from its proximity to Peterson
Space Force Base, Fort Carson, and Colorado Springs Airport, making it an
attractive location for military personnel, professionals, and families. Security-
Widefield has a population of approximately 38,000 residents, contributing to
a stable and expanding consumer base. Additionally, the area is also home to
numerous retailers including Ross Dress for Less, Planet Fitness, Sonic, Maverik,
Lowe’s, Walmart, and Safeway, ensuring consistent foot traffic and consumer
activity.
This Absolute NNN Lease requires zero landlord responsibility, making it a
passive investment opportunity backed by a Walgreens corporate guarantee
(NYSE: WBA). Walgreens has been operating at this location for over 20 years,
demonstrating its long-term commitment to the site. The current lease term runs
through January 31, 2027, and has ten (10) five-year renewal options, providing
long-term stability.
Walgreens Boots Alliance (NASDAQ: WBA) operates over 12,700 stores across
all 50 U.S. states, the District of Columbia, Puerto Rico, and Guam, along with
worksite health centers, home care facilities, and specialty and mail service
pharmacies. In fiscal year 2024, the company reported $147.7 billion in revenue
reflecting continued strength in its healthcare and retail segments.

Investment Highlights

  • Walgreens Corporate Guarantee (NYSE: WBA)
  • Absolute NNN Lease | Zero Landlord Responsibility
  • Strong Unit Level Performance | Top 25% in Chain and Top 13% In Colorado as per Placer.AI
  • Located in Colorado Springs with One Mile Average Household Income Exceeding $83,000 Per Year
  • Hard-Corner, Signalized Intersection | 22,931 Vehicles Per Day
  • Fee Simple Allowing for Depreciation
  • Large 1.42-Acre Parcel
  • Drive-Thru Pharmacy

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Drug Store

Walgreens Absolute NNN Lease (No ROFR)

Listing Price: $4,117,506

Cap Rate
7.50%
Tenant Name
Walgreens
Years Remaining On Lease
1.6
Gross SF
13,905
Guarantor
Corporate Guarantee
Rentable SF
13,905
Price/Gross SF
$296.12
Lease Type
Absolute Net
Rent Per Square Feet
$22.21

Investment Highlights

  • Walgreens Corporate Guarantee (NYSE: WBA)
  • Absolute NNN Lease | Zero Landlord Responsibility
  • Strong Unit Level Performance | Top 25% in Chain and Top 13% In Colorado as per Placer.AI
  • Located in Colorado Springs with One Mile Average Household Income Exceeding $83,000 Per Year
  • Hard-Corner, Signalized Intersection | 22,931 Vehicles Per Day
  • Fee Simple Allowing for Depreciation
  • Large 1.42-Acre Parcel
  • Drive-Thru Pharmacy

Investment Overview

Marcus & Millichap is pleased to present for sale this Absolute Net Leased Walgreens located at 280 Main Street in Colorado Springs, Colorado, the principal city of the Colorado Springs Metropolitan Area, which has a total population of 755,105. The subject property consists of a 13,905 SF free-standing building with a drive-thru, situated on a 1.42-acre parcel at a hard-corner, signalized intersection with over 25,000 vehicles per day. The property is well positioned within Security-Widefield, a census-designated place (CDP) encompassing the unincorporated communities of Security and Widefield in El Paso County, Colorado. Located just south of Colorado Springs, Security-Widefield is a growing suburban area known for its strong military presence, family-friendly neighborhoods, and convenient access to major employment centers. The community benefits from its proximity to Peterson Space Force Base, Fort Carson, and Colorado Springs Airport, making it an attractive location for military personnel, professionals, and families. Security- Widefield has a population of approximately 38,000 residents, contributing to a stable and expanding consumer base. Additionally, the area is also home to numerous retailers including Ross Dress for Less, Planet Fitness, Sonic, Maverik, Lowe’s, Walmart, and Safeway, ensuring consistent foot traffic and consumer activity. This Absolute NNN Lease requires zero landlord responsibility, making it a passive investment opportunity backed by a Walgreens corporate guarantee (NYSE: WBA). Walgreens has been operating at this location for over 20 years, demonstrating its long-term commitment to the site. The current lease term runs through January 31, 2027, and has ten (10) five-year renewal options, providing long-term stability. Walgreens Boots Alliance (NASDAQ: WBA) operates over 12,700 stores across all 50 U.S. states, the District of Columbia, Puerto Rico, and Guam, along with worksite health centers, home care facilities, and specialty and mail service pharmacies. In fiscal year 2024, the company reported $147.7 billion in revenue reflecting continued strength in its healthcare and retail segments.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

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