For Sale
$5,175,000

1821 Bridge St Brighton, CO 80601

High-yield Walgreens, Brighton, CO

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a 14,490-square-foot Walgreens property located at 1821 E Bridge St, Brighton, CO 80601, situated on a 2.17-acre lot. The property boasts a long-term, absolute NNN lease with a corporate guarantee from Walgreens, minimizing landlord responsibilities. The lease commenced August 31, 2022, and extends for 13 years, with a remaining term of 10.8 years. The lease includes twelve, five-year renewal options, ensuring consistent income. Rent increases are scheduled every five years at 5%, providing a hedge against inflation. The current annual net operating income (NOI) is $362,250, resulting in an attractive 7.00% cap rate. The asking price is $5,175,000, translating to a price per square foot of $357.14. This hard-corner location benefits from high visibility and traffic volume (21,856 vehicles per day), situated in a major retail trade area alongside prominent businesses such as Safeway, NAPA Auto Parts, BMO Bank, Burger King, and Family Dollar. This is a fee-simple ownership opportunity with exceptional long-term stability and strong cash flow potential. The property's prime location and the strength of the Walgreens tenant make this an ideal investment for discerning buyers seeking a secure, high-return asset.

Highlights

  • $5,175,000 asking price for a Walgreens-occupied retail property.
  • Absolute NNN lease with corporate guarantee.
  • 10.8 years remaining on a 13-year lease with twelve 5-year options.
  • 14,490 square feet, $357.14/SF, 7.00% cap rate, $362,250 NOI.
  • Located on a hard corner in a high-traffic area (21,856 vehicles per day) in Brighton, CO.

Property Details for 1821 Bridge St

Property type
Retail properties, Drug stores
Square Feet
14,490 SF
Lot Size (sq. ft)
94,525 SF

Location Insight

City
Brighton
County
Adams
State
Colorado
Latitude
39.9873266
Longitude
-104.7997739

FAQs

What type of property is this?
Retail property - High-yield Walgreens, Brighton, CO
Where is the retail property located?
The property is located at 1821 Bridge St Brighton, CO.
What is the asking price?
The asking price for this property is $5,175,000.
What are key features of this property?
This property features: $5,175,000 asking price for a Walgreens-occupied retail property.; Absolute NNN lease with corporate guarantee.; 10.8 years remaining on a 13-year lease with twelve 5-year options.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1821 Bridge St
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