7390 Rangewood Dr - Drug Store FOR SALE


Colorado Springs, CO 80918
$3,913,000 USD
480-221-4221
7390 Rangewood Dr, Colorado Springs, CO for Sale
$3,913,000 USD
Drug Store - FOR SALE
1/9
null | 8% Cap Rate

7390 Rangewood Dr
Colorado Springs, CO 80918


HIGHLIGHTS

  • Over 6.5 Years Remaining | Options to Extend | Investment Grade (S&P: BBB) | Well-Known & Established Tenant
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong National/Credit Tenants | Dense Retail Corridor | Chapel Hills East (245,000 SF Community Center)
  • Signalized, Hard Corner Intersection | State Highway 21 |Heavily Traveled Corridor | Centura St. Francis Hospital (364 Beds)
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, investment grade (S&P: BBB), Walgreens investment property located in Colorado Springs, Colorado. The tenant, Walgreen Co., has over 6.5 years remaining with 10 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease is signed by Walgreen Co. (S&P: BBB) and is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Walgreens operates nearly 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, and serves approximately 9 million customers each day.

FOR SALE DETAILS

PRICE

$3,913,000 USD

PRICE/SF

$264 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | Approx 8yrs Remain Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

C6

APN/PARCEL ID

63101-16-025

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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