Walgreens | 15301 E Iliff Ave
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Walgreens 15301 E Iliff Ave
14,176 SF Retail Building Aurora, CO 80013 $10,298,291 CAD ($726 CAD/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
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
$10,298,291 CAD
Price Per SF
$726 CAD
Cap Rate
6.50%
NOI
$669,389 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.62 AC
Zoning
PUD
Amenities
- Car Charging Station
Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (76)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 1975-29-2-22-003 | Improvements Assessment | $0 CAD |
Land Assessment | $0 CAD | Total Assessment | $1,229,579 CAD |
PROPERTY TAXES
Parcel Number
1975-29-2-22-003
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,229,579 CAD
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Walgreens | 15301 E Iliff Ave
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