Walgreens | Absolute NNN Lease
$5,000,000
1641 23rd Avenue, Evans, CO 80634
8
Cap Rate
14,440 sqft
Building Size
Details:
Description:
PROPERTY & LEASE DETAILS
● Long-Term Lease: Approximately 11.6 years remaining on the original 25-year term, providing stable, long-duration income.
● Absolute NNN Lease: Zero landlord responsibilities, offering a passive investment structure.
● Prime Parcel: Situated on a ±2.25-acre lot with ample parking, drive-thru pharmacy access, and excellent visibility.
● Strategic Location: Positioned just off 16th Street, a major east-west arterial in a dense residential corridor.
● Minimal Competition: No competing pharmacies within a one-mile radius enhances tenant performance potential.
● Strong Credit: Backed by a corporate guarantee, reinforcing income security.
● Modern Construction: Built in 2012 and an upgraded brick prototype.
● High-Performing Submarket: Located in one of Greeley’s strongest retail corridors.
LOCATION HIGHLIGHTS
● Growth Market: Greeley is among Colorado’s fastest-growing cities, supported by robust population trends and expanding healthcare and education sectors.
● Proximity to University: Approximately ±1.5 miles from the University of Northern Colorado, home to 12,000+ students.
● Medical Synergy: Directly across from the ±300,000 SF Banner North Colorado Medical Center and surrounded by medical offices.
● Residential Density: Immediate area includes a strong concentration of family housing and schools, Absolute NNN driving consistent consumer traffic.
Documents:
| Title | ||
|---|---|---|
| Offering Memorandum |
Location
Gallery
