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Walgreens 15301 E Iliff Ave

14,176 SF Retail Building Aurora, CO 80013 $7,265,262 ($513/SF) 6.50% Cap Rate

Investment Highlights

  • DENVER, CO – Aurora, CO is Denver’s largest suburb with a population of over 393,000 and has recently surpassed Denver in land space.
  • RENTAL ESCALATIONS – Walgreens benefits from rare rental escalations of 5% every 5 years, providing a built-in hedge against inflation
  • ROBUST RETAIL & ENTERTAINMENT CORRIDOR – Walgreens is situated in a high-traffic retail corridor surrounded by national retailers including Walmart
  • RECENT LEASE EXTENSION – In 2021, the tenant negotiated a brand new 12-year lease, added 5% rental escalations every 5 years
  • HIGH VISIBILITY SITE – This Walgreens is strategically positioned at a signalized intersection with a traffic count exceeding 79,000 vehicles per day
  • MEDICAL/SENIOR FACILITIES NEARBY – Strategically located within a mile of eight assisted living facilities and senior living communities.

Executive Summary

Broker of Record
Brayden Conner
License No. ER.100106933 (CO)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,176 SF
Building Class
B
Year Built
2002
Price
$7,265,262
Price Per SF
$513
Cap Rate
6.50%
NOI
$472,242
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Land Acres
1.62 AC
Zoning
PUD

Amenities

  • Car Charging Station
Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Walmart Neighborhood Market
Village Inn
Chase
Applebee's
Black Bear Diner
Boston Market
Texas Roadhouse
Carrabba’s Italian Grill
Outback Steakhouse
Joe's Crab Shack

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1975-29-2-22-003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$881,640
  • Listing ID: 33511165

  • Date on Market: 10/14/2024

  • Last Updated:

  • Address: 15301 E Iliff Ave, Aurora, CO 80013

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