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Drug Store

Dark Walgreens w/7 Years in Colorado Springs

4713 Flintridge Dr, Colorado Springs, CO 80918

Listing Price: $4,195,400

Cap Rate
8.70%
Tenant Name
Walgreens
Years Remaining On Lease
6.9
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Absolute Net
Rent Per Square Feet
$24.63

Investment Overview

Subject is a 14,820 Square-Foot Dark Walgreens on a 1.71-Acre Lot
with Ample Parking, Pylon Signage, and Easy Ingress/Egress.
The Absolute Net Lease is Corporate Guaranteed and has Seven
Years Remaining, Will Have Over $2.3M in Future Payments as of
the End of 2025.

Investment Highlights

  • Robust Traffic Counts on Academy Boulevard (45k VPD) and Flintridge Drive (12k VPD) (Source: CoStar, 2025)
  • Well Established Retail Area | Nearby National Retailers Include: King Soopers, Walmart, Safeway, Target, AutoZone, O'Reilly Auto Parts, Advance Auto, Chase Bank, Wells Fargo, McDonald's, and Others
  • Affluent Community with an Average Household Income of Over $102K within Five Miles of the Subject Asset, as of 2024
  • Parks and Outdoor Recreational Facilities Nearby Include: US Olympic Training Center, Palmer Park, Memorial Park, Red Rock Canyon, Garden of the Gods, Pikes Peak, The Broadmoor, Colorado Springs Country Club, Patty Jewett Golf Course, and More
  • Subject is 9 Miles from Colorado Springs Airport, Serving Over 2.3M Passengers Annually (coloradosprings.gov)
  • Subject is 8 Miles from Downtown Colorado Springs with a Population of 493,554

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Drug Store

Dark Walgreens w/7 Years in Colorado Springs

Listing Price: $4,195,400

Cap Rate
8.70%
Tenant Name
Walgreens
Years Remaining On Lease
6.9
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Absolute Net
Rent Per Square Feet
$24.63

Investment Highlights

  • Robust Traffic Counts on Academy Boulevard (45k VPD) and Flintridge Drive (12k VPD) (Source: CoStar, 2025)
  • Well Established Retail Area | Nearby National Retailers Include: King Soopers, Walmart, Safeway, Target, AutoZone, O'Reilly Auto Parts, Advance Auto, Chase Bank, Wells Fargo, McDonald's, and Others
  • Affluent Community with an Average Household Income of Over $102K within Five Miles of the Subject Asset, as of 2024
  • Parks and Outdoor Recreational Facilities Nearby Include: US Olympic Training Center, Palmer Park, Memorial Park, Red Rock Canyon, Garden of the Gods, Pikes Peak, The Broadmoor, Colorado Springs Country Club, Patty Jewett Golf Course, and More
  • Subject is 9 Miles from Colorado Springs Airport, Serving Over 2.3M Passengers Annually (coloradosprings.gov)
  • Subject is 8 Miles from Downtown Colorado Springs with a Population of 493,554

Investment Overview

Subject is a 14,820 Square-Foot Dark Walgreens on a 1.71-Acre Lot with Ample Parking, Pylon Signage, and Easy Ingress/Egress. The Absolute Net Lease is Corporate Guaranteed and has Seven Years Remaining, Will Have Over $2.3M in Future Payments as of the End of 2025.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

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