12011 E Iliff Ave - Drug Store FOR SALE


Aurora, CO 80014- Village East
$5,588,000 USD
760-448-2449
12011 E Iliff Ave, Aurora, CO for Sale
$5,588,000 USD
Drug Store - FOR SALE
1/11
null | 7.5% Cap Rate

12011 E Iliff Ave
Aurora, CO 80014
Village East


HIGHLIGHTS

  • Walgreens Co. – Strong corporate lease guaranty – Absolute triple-net (NNN) lease – Zero landlord responsibilities
  • 20-year successful operating history – Strong historical annual sales reporting –$3.14MM (2025) – Ideal 13% rent-to-sales ratio (2025)
  • Strategic relocation store for Walgreens – Signalized hard-corner location – Visibility to 69,000 vehicles per day – Less than 1 mile from I-225
  • 10 miles southeast of Denver – Prominent retail location – High barriers to entry – 2.2 million SF of retail – Low 3.7% retail vacancy rate
  • Located near Buckley U.S. Air Force Base with 12,400 military and civilian personnel

OVERVIEW

Lee & Associates is pleased to present the opportunity to acquire a fee simple interest in a single-tenant Walgreens located in Aurora, Colorado, within the Denver MSA. The property consists of an approximately 11,034 square foot standalone pharmacy with a drive-thru, situated on a 1.23-acre parcel at 12011 E Iliff Avenue. Built in 2007, the asset is leased to Walgreens Co. under an absolute NNN lease structure, providing zero landlord responsibilities and stable, passive income. Walgreens is a nationally recognized investment-grade tenant and one of the largest pharmacy operators in the United States, with thousands of locations nationwide and reported revenues exceeding $150 billion. This location has demonstrated long-term operational success, with nearly two decades of occupancy and strong reported sales exceeding $3.1 million, resulting in a favorable rent-to-sales ratio of approximately 13%. The lease features a remaining term through November 2032, along with multiple extension options, offering long-term income security backed by a corporate guaranty.

FOR SALE DETAILS

PRICE

$5,588,000 USD

PRICE/SF

$506 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,579 SF

ZONING

B-1

APN/PARCEL ID

1973-26-1-45-001

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.