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835 E 17th Ave
Longmont, CO 80504
N Colorado Walgreens VillageMD Affluent Demos · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Walgreens lease runs through July 31, 2028, with ten (5-year) renewal options and no landlord obligations.
- Average household income of $117,577 within a 1-mile radius and a population of over 94,000 within 5 miles.
- 1 of only 2 CHIPS Zones in CO, providing refundable tax credits for semiconductor-related businesses and reinforcing the area’s economic foundation.
- Co-tenancy with VillageMD signals Walgreens’ targeted investment in this location as part of its national healthcare expansion strategy.
- Positioned in Longmont, part of the Boulder MSA and the Front Range Urban Corridor, with access to skilled labor and research institutions.
- Surrounded by major employers including Seagate, AMD, Micron, and over 40 tech, aerospace, and hardware companies.
EXECUTIVE SUMMARY
We are pleased to market for sale the Walgreens property located at 835 E 17th Ave, Longmont, CO 80504 (the “Property”). The current lease term runs through July 31, 2028, with ten (5-Year) renewal options. Walgreens operates under a triple net lease, with the tenant responsible for all property expenses. The Property also includes a co-located Village Medical clinic, one of only three Walgreens locations in Colorado selected for VillageMD’s integrated primary care rollout in 2023.
The surrounding area supports strong demographics, with an average household income of $117,577 within a 1-mile radius and a population exceeding 94,000 within a 5-mile radius.
Longmont is positioned within Colorado’s innovation and advanced manufacturing corridor, supported by key infrastructure investments and business incentives. In 2024, Longmont secured one of only two CHIPS Zone designations in Colorado, unlocking refundable state tax credits for companies involved in semiconductor design and manufacturing. Existing fabrication and R&D operations by firms such as Seagate, AMD, and Micron already anchor the region’s advanced electronics cluster.
Longmont’s economic development platform also highlights more than 40 IT, aerospace, robotics, and hardware companies active in the area, including Scythe Robotics, Intelliprop, and Seagate Technology. In addition to the CHIPS Zone, the city offers Enterprise Zones, and high-capacity municipal gigabit broadband infrastructure through its city-run NextLight network.
The surrounding area supports strong demographics, with an average household income of $117,577 within a 1-mile radius and a population exceeding 94,000 within a 5-mile radius.
Longmont is positioned within Colorado’s innovation and advanced manufacturing corridor, supported by key infrastructure investments and business incentives. In 2024, Longmont secured one of only two CHIPS Zone designations in Colorado, unlocking refundable state tax credits for companies involved in semiconductor design and manufacturing. Existing fabrication and R&D operations by firms such as Seagate, AMD, and Micron already anchor the region’s advanced electronics cluster.
Longmont’s economic development platform also highlights more than 40 IT, aerospace, robotics, and hardware companies active in the area, including Scythe Robotics, Intelliprop, and Seagate Technology. In addition to the CHIPS Zone, the city offers Enterprise Zones, and high-capacity municipal gigabit broadband infrastructure through its city-run NextLight network.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,412 SF
Building Class
B
Year Built
2003
Price
$5,840,259 CAD
Price Per SF
$405.24 CAD
Cap Rate
8%
NOI
$467,221 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.62 AC
Zoning
C, Longmont
Parking
68 Spaces (4.72 Spaces per 1,000 SF Leased)
Frontage
226’ on 17th Ave
AMENITIES
- Banking
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 1205351-26-002 | Improvements Assessment | $751,482 CAD |
| Land Assessment | $313,564 CAD | Total Assessment | $1,065,046 CAD |
PROPERTY TAXES
Parcel Number
1205351-26-002
Land Assessment
$313,564 CAD
Improvements Assessment
$751,482 CAD
Total Assessment
$1,065,046 CAD
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