Offering Memorandum
Property Highlights
- LONG LEASE TERM: +/- 8 YEARS REMAINING ON PRIMARY LEASE TERM WITH 10, FIVE YEAR RENEWAL OPTIONS
- WALGREENS HAS BEEN OPERATING AT THIS LOCATION SINCE 2003
- DOUBLE SIGNALIZED CORNER: LOCATED ON THE CORNERS OF 88TH AND WASHINGTON AND 88TH AND PEARL
- EXCELLENT ACCESS: THREE SEPERATE ENTRANCES TO THE PROPERTY WITH SIGNIFICANT FRONTAGE ON 88TH AND WASHINGTON
- CREDIT TENANT: CORPORATE GUARANTEE FROM WALGREENS (NYSE: WBA)
- ABSOLUTE TRIPLE NET (NNN) LEASE WITH ZERO LANDLORD RESPONSIBILITY
- DENVER MSA: LOCATED JUST 9.4 MILES FROM DOWNTOWN DENVER IN A RAPIDLY GROWING SUBURB. POPULATION: 142,342 (3-MILE RADIUS)
- STRATEGIC LOCATION: LOCATED ADJACENT TO A WALMART ANCHORED CENTER AND CLOSE TO MANY NATIONAL RETAILERS
- ONLY 0.8 MILES OFF OF EXIT 219 ON I-25
- PUBLIC TRANSPORTATION: LOCATED JUST HALF A MILE FROM THORNTON RTD PARK AND RIDE
- Price: $6,333,000
- Lot Size: 1.64
- Cap Rate: 6.00%
- Lease Type: Absolute Triple Net (NNN)
- Year Built: 2003
- Building SF: 14,490
- Status: Sold
- Guarantor: Corporate