List Search

1641 23rd Ave
Greeley, CO 80634

$3,999,000 USD

Drugstore For Sale  •  14,440 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 14,440 SF
  • Lot Size 2.25 AC
  • Building Class B
  • Year Built 2006
  • Cap Rate 10.00 %
  • Tenancy Single
  • Zoning C
0 Transit Score
70 Walk Score

Highlights

Long-Term Lease: Approximately 11.6 years remaining on the original 25-year term, providing stable, long-duration income.
Absolute NNN Lease: Zero landlord responsibilities, offering a passive investment structure.
Prime Parcel: Situated on a ±2.25-acre lot with ample parking, drive-thru pharmacy access, and excellent visibility.
Strategic Location: Positioned just off 16th Street, a major east-west arterial in a dense residential corridor.
Minimal Competition: No competing pharmacies within a one-mile radius enhances tenant performance potential.
Cap Rate: 10.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Walgreens

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Drive Thru

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes
Connor Knauer 404-400-2794 Matthews Real Estate Investment Services
Connor Knauer 404-400-2794 Matthews Real Estate Investment Services