Overview

Description

Walgreens is ideally located with excellent access and visibility on a hard corner at the signalized
intersection of Simms Street and West 64th Avenue, which is the main east-west thoroughfare
providing access to State Route 93 and Interstate 70 just 8 miles northwest of downtown Denver.

Walgreens is located within Arvada’s primary retail and commercial corridor with 5.4 MSF of retail,
1.6 MSF of office, 4.9 MSF of industrial, and 7,383 multifamily units within a 3-mile radius. Additional retailers in the surrounding area include King Soopers, 24 Hour Fitness, PNC Bank, Big O Tires, Midas, Dollar Tree, Noodles and Company, Chipotle, Starbucks, and Westwoods Shopping Center (Kohl’s, Pet Supplies Plus, ACE Hardware, Sherwin-Williams).

The Denver Metropolitan Statistical Area is the 19th most populous in the nation with a population of 3.0 million. The metro population is expected to continue to grow at a rapid pace and is expected
to approach 4.2 million by 2040. Denver’s young, educated workforce, affordable cost of doing
business, multi-modal transportation system, outstanding educational and professional opportunities, combine to ensure that Denver is consistently ranked among the top places to live in the United States.

Highlights

• 13 year corporate lease with 12 5-year options
• Investment grade tenant (S&P: BBB-)
• Fee simple NNN with no landlord responsibilities
• RARE 5% rent increases every 5 years (including option periods)
• Located approximately 10 miles from downtown Denver
• Excellent demos - population 227,536 | AHHI $109,899 within 5-mile radius

Documents

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