1300 14th St SW - Drug Store FOR SALE


Loveland, CO 80537 | 
$5,655,000 USD
303-328-2050
1300 14th St SW, Loveland, CO for Sale
$5,655,000 USD
Drug Store - FOR SALE
1/22
null | 7.25% Cap Rate

1300 14th St SW
Loveland, CO 80537


HIGHLIGHTS

  • Most visited Walgreens in Loveland
  • Early lease extension showing long-term commitment to the site
  • Absolute net lease with no landlord responsibilities
  • High growth location with population forecast to grow 3% over the next five years
  • Good access and visibility at a signalized intersection
  • Adjacent to major employment center with more than 1 million square feet of R&D and industrial space

OVERVIEW

This offering presents the opportunity to acquire a corporate Walgreens pharmacy located at 1300 14th Street SW in Loveland, Colorado. The property is leased to Walgreen Co. under an absolute net lease structure, providing investors with a passive ownership profile and no landlord responsibility for operating expenses, roof, or structure. Walgreens recently extended its lease well in advance of the original expiration date, demonstrating a long-term commitment to the location and reinforcing the property's stability as a net leased investment. The property occupies a signalized corner at the intersection of South Taft Avenue and 14th Street, benefiting from strong visibility and convenient access within an established commercial corridor. The site is positioned near major residential neighborhoods, schools, and employment centers that support consistent daily consumer traffic. Directly across from the property is a significant concentration of research, development, and industrial facilities totaling more than one million square feet, providing an established employment base that contributes to area activity.

FOR SALE DETAILS

PRICE

$5,655,000 USD

PRICE/SF

$382 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,654 SF

ZONING

N/A

APN/PARCEL ID

95262-90-001

ASK ABOUT THIS PROPERTY

Adam LewisMarcus & MillichapMore Info
303-328-2050

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Adam LewisMarcus & MillichapMore Info
303-328-2050

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