Walgreens 280 Main St 13,905 SF Retail Building Security, CO 80911 $5,623,113 CAD ($404.40 CAD/SF) 7.50% Cap Rate

Marcus & Millichap is pleased to present for sale this Absolute Net Leased Walgreens located at 280 Main Street in Colorado Springs, Colorado, the principal city of the Colorado Springs Metropolitan Area, which has a total population of 755,105. The subject property consists of a 13,905 SF free-standing building with a drive-thru, situated on a 1.42-acre parcel at a hard-corner, signalized intersection with over 25,000 vehicles per day.
The property is well positioned within Security-Widefield, a census-designated place (CDP) encompassing the unincorporated communities of Security and Widefield in El Paso County, Colorado. Located just south of Colorado Springs, Security-Widefield is a growing suburban area known for its strong military presence, family-friendly neighborhoods, and convenient access to major employment centers. The community benefits from its proximity to Peterson Space Force Base, Fort Carson, and Colorado Springs Airport, making it an attractive location for military personnel, professionals, and families. SecurityWidefield has a population of approximately 38,000 residents, contributing to a stable and expanding consumer base. Additionally, the area is also home to numerous retailers including Ross Dress for Less, Planet Fitness, Sonic, Maverik, Lowe’s, Walmart, and Safeway, ensuring consistent foot traffic and consumer activity.
This Absolute NNN Lease requires zero landlord responsibility, making it a passive investment opportunity backed by a Walgreens corporate guarantee (NYSE: WBA). Walgreens has been operating at this location for over 20 years, demonstrating its long-term commitment to the site. The current lease term runs through January 31, 2027, and has ten (10) five-year renewal options, providing long-term stability.
Walgreens Boots Alliance (NASDAQ: WBA) operates over 12,700 stores across all 50 U.S. states, the District of Columbia, Puerto Rico, and Guam, along with worksite health centers, home care facilities, and specialty and mail service pharmacies. In fiscal year 2024, the company reported $147.7 billion in revenue reflecting continued strength in its healthcare and retail segments.