Northglenn, CO
Price: $7,500,000
Cap Rate: 5.26%
Status: AVAILABLE

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Blue West Capital is pleased to present the sale of a single tenant net leased Walgreens located in Northglenn, Colorado at SEC of 120th Avenue and Washington Street. The tenant is an investment grade rated company (S&P: BBB) and the 5-year extension shows commitment to location. Walgreens has occupied this proven location since 2001 along a high trafficked intersection with over 80,000 combined vehicles per day. 

The property is walking distance to Super Target, Sprouts, Michael’s, Office Max, Chipotle, Petco, and McDonald’s. There is limited competition with the nearest Walgreens being 2 miles away.

  • Located within the Denver MSA in a densely populated area
  • Proven successful location: 5-year extension shows commitment to location
  • Long-term occupancy: Walgreens has occupied this proven location since 2001
  • Corporate lease: Investment grade rated company (S&P: BBB)
  • Limited competition: Nearest Walgreens is 2 miles away
  • Infill signalized corner: SEC of 120th Avenue and Washington Street
  • High traffic: Over 80,000 combined vehicles per day
  • Close proximity to national retailers: Immediate proximity to Super Target, Sprouts, Michael’s, Office Max, Chipotle, Petco, and McDonald’s

OFFERING SUMMARY

Price: $7,500,000
Cap Rate: 5.26%

Building Size: 14,490 SF
Land Size:
1.3 AC

INVESTMENT CONTACT

ROBERT EDWARDS
Managing Partner
Investment Sales
720.966.1630
Robert@BlueWestCapital.com

TOM ETHINGTON
Managing Partner
Investment Sales
720.966.1624
Tom@BlueWestCapital.com

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2022-09-01T11:46:34-07:00
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