Walgreens Long-Term Absolute NNN Lease

1821 East Bridge Street, Brighton, CO

$5,940,000

Price

6.1%

Cap Rate

$362,250

NOI

Overview
Cap Rate
6.1%
NOI
$362,250
Building Size
14,490 sqft
Lot Area
2.17 acres
Lease Type
Absolute Net
Price Per Sqft
$410
Description

PROPERTY DESCRIPTION
This is the opportunity to purchase a long term Absolute NNN Leased Walgreens. The lease calls for zero landlord obligations and is corporately guaranteed. The property benefits from scheduled rental increases every 5 years consistent with the following rental schedule: a rental increase in year 6, a rental increase in year 11 and a rental increase at each option period. This site has excellent access and visibility on a hard corner at a signalized intersection. The surrounding retailers include Safeway, NAPA Auto Parts, BMO Bank, Burger King, Family Dollar, and more.

LOCATION DESCRIPTION
Discover the vibrant community surrounding the property in Brighton, CO. Just minutes away from the charming downtown area, tenants can explore a variety of local dining, shopping, and entertainment options. Nearby Barr Lake State Park, offers outdoor recreational activities and stunning scenic views. With easy access to major roadways, the location provides seamless connectivity for commuters and visitors. Embrace the dynamic energy of Brighton, with its mix of urban amenities and natural beauty, making it an ideal setting for businesses to thrive.

Listed in Conjunction with:
Cody Stambaugh
Senior Advisor
303.962.9530
CStambaugh@PinnacleREA.com
CO #100039158

Highlights
  • 13 Year Absolute NNN Lease with Scheduled 5% Rental Increases
  • Zero Landlord Obligations
  • 100% Fee Simple Interest
  • Major Retail Trade Area
  • Hard Corner Location
  • Heavily Trafficked Location - 21,856 VPD
Documents
Title
Offering Memorandum
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Location
Gallery