280 Main St

This property is part of a portfolio with assumable debt of 4.68%. Please inquire with the broker for more information.
Bang Realty is pleased to present an exclusive opportunity to acquire the Walgreens property located in Colorado Springs. Strategically positioned on a signalized intersection , this property benefits from a prime location that has over 120,000 people in a 5 mile radius. Walgreens’ operational efficiency. Walgreens has been a fixture at this site for over 25 years, consistently outperforming the national average. The property boasts an Absolute NNN lease with approximately 2.7 years remaining, along with five 10-year renewal options. The area is home to many national tenants, including Ross Dress for Less, Planet Fitness, Sonic, Mavericks, Lowes, Walmart, Safeway and many others. The property is located less than 10 miles from Colorado Springs Airport and is Peterson Space Force Base.
ABSOLUTE NNN LEASE
There are ~2.7 years remaining on an Absolute NNN Fee Simple lease with zero landlord responsibilities and Ten (10), Five (5) year option periods. The tenant is responsible for all expenses: taxes, insurance, and maintenance; including roof and structure.
INVESTMENT GRADE TENANT
Corporately guaranteed lease from Walgreens with an S&P credit rating of BBB. Walgreens is currently ranked 18th on the Fortune 500 with over 9,000 locations nationwide.
STRATEGIC MEDICAL HUB
The subject property is located near an abundance of medical centers and clinics including: UCHealth Eastview Medical Center, Peak Vista Community Health Centers, PFC Floyd K. Lindstrom Department of Veterans Affairs Clinic, Mission Medical Center, and a handful of private practices.
HARD CORNER LOCATION
Strategically positioned on a highly visible 1.42 AC parcel on the hard corner of a 4-way signalized intersection seeing over 25,000 vehicles per day.
LONG-TERM OPERATING HISTORY
Walgreens has operated at this location for over 20 years, demonstrating their long-term commitment to the location. Site commitment Walgreens wants to stay here long term. Inquire with the broker for more information. Bettendorf’s economy has shown resilience and growth in various sectors, including healthcare, manufacturing, and education. Investing in this address presents opportunities for businesses to tap into the city’s economic potential and contribute to its ongoing development.