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Walgreens Long-Term Absolute NNN Lease

$5,175,000

1821 East Bridge Street, Brighton, CO 80601

Active
Last Updated: 10/01/2024

7

Cap Rate

362,250

NOI

Details:
Cap Rate:    7%
NOI:    $362,250
Building Size:    14,490 sqft
Lot Area:    2.17 acres
Lease Type:    Absolute Net
Price Per Sqft:    $410
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
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

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