280 Main St - Drug Store FOR SALE


Security, CO 80911
$4,117,506 USD
786-522-7013
280 Main St, Security, CO for Sale
$4,117,506 USD
Drug Store - FOR SALE
1/7
null | 7.5% Cap Rate

280 Main St
Security, CO 80911


HIGHLIGHTS

  • Walgreens Corporate Guarantee (NYSE: WBA)
  • Absolute NNN Lease | Zero Landlord Responsibility
  • Strong Unit Level Performance | Top 25% in Chain and Top 13% In Colorado as per Placer.AI
  • Located in Colorado Springs with One Mile Average Household Income Exceeding $83,000 Per Year
  • Close Proximity to Military & Aerospace Centers – Peterson Space Force Base and Colorado Springs Airport
  • Located in a Growing Economic Hub – Military, High-Tech, and Tourism Industries Fuel Long-Term Stability in the Region

OVERVIEW

Marcus & Millichap is pleased to present for sale this Absolute Net Leased Walgreens located at 280 Main Street in Colorado Springs, Colorado, the principal city of the Colorado Springs Metropolitan Area, which has a total population of 755,105. The subject property consists of a 13,905 SF free-standing building with a drive-thru, situated on a 1.42-acre parcel at a hard-corner, signalized intersection with over 25,000 vehicles per day. The property is well positioned within Security-Widefield, a census-designated place (CDP) encompassing the unincorporated communities of Security and Widefield in El Paso County, Colorado. Located just south of Colorado Springs, Security-Widefield is a growing suburban area known for its strong military presence, family-friendly neighborhoods, and convenient access to major employment centers. The community benefits from its proximity to Peterson Space Force Base, Fort Carson, and Colorado Springs Airport, making it an attractive location for military personnel, professionals, and families. SecurityWidefield has a population of approximately 38,000 residents, contributing to a stable and expanding consumer base. Additionally, the area is also home to numerous retailers including Ross Dress for Less, Planet Fitness, Sonic, Maverik, Lowe’s, Walmart, and Safeway, ensuring consistent foot traffic and consumer activity. This Absolute NNN Lease requires zero landlord responsibility, making it a passive investment opportunity backed by a Walgreens corporate guarantee (NYSE: WBA). Walgreens has been operating at this location for over 20 years, demonstrating its long-term commitment to the site. The current lease term runs through January 31, 2027, and has ten (10) five-year renewal options, providing long-term stability. Walgreens Boots Alliance (NASDAQ: WBA) operates over 12,700 stores across all 50 U.S. states, the District of Columbia, Puerto Rico, and Guam, along with worksite health centers, home care facilities, and specialty and mail service pharmacies. In fiscal year 2024, the company reported $147.7 billion in revenue reflecting continued strength in its healthcare and retail segments.

FOR SALE DETAILS

PRICE

$4,117,506 USD

PRICE/SF

$296 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,855 SF

ZONING

PBP, Security, CC

APN/PARCEL ID

65114-07-101,65114-07-134

ASK ABOUT THIS PROPERTY

Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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