1821 E Bridge St - Drug Store FOR SALE


Brighton, CO 80601
$5,175,000 USD
510-388-4438
1821 E Bridge St, Brighton, CO for Sale
$5,175,000 USD
Drug Store - FOR SALE
1/7
null | 7% Cap Rate

1821 E Bridge St
Brighton, CO 80601


HIGHLIGHTS

  • 13 Year Absolute NNN Lease with Scheduled 5% Rental Increases
  • Zero Landlord Obligations
  • 100% Fee Simple Interest
  • Major Retail Trade Area
  • Hard Corner Location

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,175,000 USD

PRICE/SF

$357 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens Long-Term Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

91

LAND DETAILS

LAND ACRES

2.17 AC

LAND SF

94,525 SF

ZONING

-

APN/PARCEL ID

1569-05-3-35-003

ASK ABOUT THIS PROPERTY

Jeff BraccoThe Kase GroupMore Info
510-388-4438

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Jeff BraccoThe Kase GroupMore Info
510-388-4438

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.