Walgreens | Strong Reported Sales | Absolute NNN Lease

This high-performing asset represents a rare opportunity to acquire an investment-grade property within the thriving Denver Metropolitan Statistical Area (MSA).

Asset Highlights & Strategic Location

Exceptional Sales Performance & Rent Health

This location is a proven winner within the Walgreens network, boasting reported sales exceeding $3.1 million. With a healthy rent-to-sales ratio of approximately 13%, the tenant demonstrates significant commitment to this site. The property has enjoyed nearly 20 years of continuous occupancy, illustrating a track record of operational success and long-term stability in the Aurora market.

Zero Landlord Responsibilities

The investment is structured as an Absolute Triple-Net (NNN) lease, making it an ideal "hands-off" acquisition for passive investors or 1031 exchange buyers. The tenant is responsible for all expenses, including taxes, insurance, and maintenance of the roof, structure, and parking lot, providing a truly passive income stream backed by a corporate guaranty.

High-Traffic Retail Corridor

Strategically situated at the signalized hard corner of E Iliff Avenue, the property benefits from massive exposure to approximately 69,000 vehicles per day (VPD). The site is located less than one mile from Interstate 225, ensuring easy regional access and a constant flow of consumer traffic from the surrounding Denver suburbs.

Market & Demographic Overview

The property serves an exceptionally dense trade area, with a demographic profile that supports long-term retail viability:

• Population Density: Over 169,000 residents within a three-mile radius.

• Economic Drivers: Proximity to major employment hubs, including Buckley Space Force Base and the Medical Center of Aurora, driving consistent daytime and nighttime traffic.

• Retail Synergy: The site is positioned within a primary retail node, surrounded by national credit tenants and healthcare facilities that funnel prescriptions and foot traffic directly to this Walgreens location.

The Tenant: Walgreens Co. (NASDAQ: WBA)

Walgreens is a global leader in retail pharmacy and a household name with over $150 billion in annual revenue. As an investment-grade tenant, Walgreens provides investors with a high level of credit security. This lease features multiple extension options, allowing for continued long-term ownership in one of the most desirable growth markets in the United States.

Investment Note: Aurora’s explosive growth within the Denver MSA, coupled with a diversified economic base and restricted new supply of prime corner real estate, ensures that 12011 E Iliff Ave remains a high-intrinsic-value asset for decades to come.

For more information or to schedule a site visit, please contact Lee & Associates.