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Walgreens 12011 E Iliff Ave 11,034 SF Retail Building Aurora, CO 80014 $7,911,099 CAD ($716.97 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Walgreens Co. – Strong corporate lease guaranty – Absolute triple-net (NNN) lease – Zero landlord responsibilities
- Strategic relocation store for Walgreens – Signalized hard-corner location – Visibility to 69,000 vehicles per day – Less than 1 mile from I-225
- Located near Buckley U.S. Air Force Base with 12,400 military and civilian personnel
- 20-year successful operating history – Strong historical annual sales reporting –$3.14MM (2025) – Ideal 13% rent-to-sales ratio (2025)
- 10 miles southeast of Denver – Prominent retail location – High barriers to entry – 2.2 million SF of retail – Low 3.7% retail vacancy rate
Executive Summary
Walgreens is a nationally recognized investment-grade tenant and one of the largest pharmacy operators in the United States, with thousands of locations nationwide and reported revenues exceeding $150 billion. This location has demonstrated long-term operational success, with nearly two decades of occupancy and strong reported sales exceeding $3.1 million, resulting in a favorable rent-to-sales ratio of approximately 13%. The lease features a remaining term through November 2032, along with multiple extension options, offering long-term income security backed by a corporate guaranty.
Property Facts
Amenities
- 24 Hour Access
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
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Jan 0000
Walgreens Boots Alliance began with Walgreens, which was founded in 1901 and grew from a neighborhood drugstore into a large pharmacy and retail business. The company was formed later through the combination of Walgreens and Alliance Boots, creating a business with a broad presence in pharmacy retail and health-focused services. Its operations include retail pharmacy, healthcare services, and pharmaceutical wholesale, with digital and in-store offerings that support prescription access, consultations, immunizations, and wellness products. Walgreens Boots Alliance has remained centered on pharmacy-led care while serving customers through a mix of community locations and online channels.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 1973-26-1-45-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,507,463 CAD |
Property Taxes
Presented by
Walgreens | 12011 E Iliff Ave
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