Walgreens Long-Term Absolute NNN Lease | 1821 E Bridge St
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Walgreens Long-Term Absolute NNN Lease 1821 E Bridge St
14,490 SF Retail Building Brighton, CO 80601 $7,358,850 CAD ($508 CAD/SF) 7% Cap Rate
Investment Highlights
- 13 Year Absolute NNN Lease with Scheduled 5% Rental Increases
- 100% Fee Simple Interest
- Hard Corner Location
- Zero Landlord Obligations
- Major Retail Trade Area
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2001
Price
$7,358,850 CAD
Price Per SF
$508 CAD
Cap Rate
7%
NOI
$515,120 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.17 AC
Parking
91 Spaces (6.28 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (72)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1569-05-3-35-003 | Improvements Assessment | $857,438 CAD |
| Land Assessment | $168,521 CAD | Total Assessment | $1,025,959 CAD |
PROPERTY TAXES
Parcel Number
1569-05-3-35-003
Land Assessment
$168,521 CAD
Improvements Assessment
$857,438 CAD
Total Assessment
$1,025,959 CAD
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Walgreens Long-Term Absolute NNN Lease | 1821 E Bridge St
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