This ±14,490 square foot former Walgreens offers a unique sublease opportunity in a prime East Colorado Springs location. Situated at a prominent retail intersection boasting approximately 60,000 vehicles per day, the property benefits from high visibility and convenient access via front and rear entrances. The building, constructed in 2002, includes a drive-thru, monument signage with a reader board, and building signage, along with approximately 70 parking spaces. The suggested annual rent is $145,000, modified gross (taxes, repairs, and maintenance included; utilities are separate). The sublease term is co-terminus with the master lease, expiring July 31, 2027. The property is zoned Mixed Use Medium Scale (MX-M), offering flexibility for various uses, excluding pharmacies. Nearby national retailers include Walmart, McDonald's, Starbucks, Shell, Dutch Bros, and Bank of Colorado. The property is offered "as-is," and all offers are subject to the approval of Walgreens' Real Estate Committee. This presents a compelling opportunity for businesses seeking a well-located, established space in a thriving commercial area, just four miles from the Colorado Springs Airport and Peterson Space Force Base. The property's size, amenities, and location make it an ideal choice for a variety of businesses seeking high visibility and strong traffic counts.
Highlights
Sublease opportunity: ±14,490 SF former Walgreens with drive-thru, $145,000/year modified gross (taxes, repairs & maintenance included; utilities separate).
Master lease expiration: 7/31/27.
Building features: Monument signage, building signage, approx. 70 parking spaces.
Access & improvements: Built in 2002, front/rear access, extended rear access.
Location highlights: High-traffic area (approx. 60,000 VPD), near major retailers (Walmart, McDonald's, Starbucks), mixed-use zoning (MX-M).
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Mark Hollenbeck
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4305 Platte Ave, Colorado Springs, Colorado, 80915
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4305 Platte Ave
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