Walgreens

10390 Federal Blvd, Federal Heights, CO
Deal Type:
Net Lease
Price:
$8,333,333
Cap Rate:
4.50%
Current Rent:
$375,000
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
12 x 5 year
Building Sq. Ft.:
14,425 SF
Rent Increases:
5% every five years
Site Size:
42,540 SF
  • walgreens stream capital partners
  • walgreens stream capital partners
  • walgreens stream capital partners
  • walgreens stream capital partners

Investment Highlights

  • Commitment – Walgreens recently signed a new lease extension with 5% rental increases every 5 years throughout the term of the lease
  • Location – The Walgreens is located at the hard corner of Federal Ave and 104th Avenue, which generates over 58,000 vehicles per day
  • Demographics – Population within 1 and 3 miles is 19,567 and 154,665 with a year over year increase of 17%. Average HH Income within 1 mile is approximately $110,000
  • Trade Area – The Walgreens is located at the main intersection of an excellent retail trade area that includes: Safeway, King Soopers, Chick Fil A, Chipotle, McDonalds, etc.
  • Proof of Concept – This Walgreens is a top performing store within the system, which is why they signed a lease extension and were willing to add rental increases to the lease

Listing Agents

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

In Association with ParaSell, Inc. | A Licensed Colorado Broker #EC.100085004

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