835 E 17th Ave - Drug Store FOR SALE


Longmont, CO 80504
$4,523,026 USD
513-300-0763
835 E 17th Ave, Longmont, CO for Sale
$4,523,026 USD
Drug Store - FOR SALE
1/2
null | 7.5% Cap Rate

835 E 17th Ave
Longmont, CO 80504


HIGHLIGHTS

  • Walgreens lease runs through July 31, 2028, with ten (5-year) renewal options and no landlord obligations.
  • Co-tenancy with VillageMD signals Walgreens’ targeted investment in this location as part of its national healthcare expansion strategy.
  • Average household income of $117,577 within a 1-mile radius and a population of over 94,000 within 5 miles.
  • Positioned in Longmont, part of the Boulder MSA and the Front Range Urban Corridor, with access to skilled labor and research institutions.
  • 1 of only 2 CHIPS Zones in CO, providing refundable tax credits for semiconductor-related businesses and reinforcing the area’s economic foundation.
  • Surrounded by major employers including Seagate, AMD, Micron, and over 40 tech, aerospace, and hardware companies.

OVERVIEW

We are pleased to market for sale the Walgreens property located at 835 E 17th Ave, Longmont, CO 80504 (the “Property”). The current lease term runs through July 31, 2028, with ten (5-Year) renewal options. Walgreens operates under a triple net lease, with the tenant responsible for all property expenses. The Property also includes a co-located Village Medical clinic, one of only three Walgreens locations in Colorado selected for VillageMD’s integrated primary care rollout in 2023. The surrounding area supports strong demographics, with an average household income of $117,577 within a 1-mile radius and a population exceeding 94,000 within a 5-mile radius. Longmont is positioned within Colorado’s innovation and advanced manufacturing corridor, supported by key infrastructure investments and business incentives. In 2024, Longmont secured one of only two CHIPS Zone designations in Colorado, unlocking refundable state tax credits for companies involved in semiconductor design and manufacturing. Existing fabrication and R&D operations by firms such as Seagate, AMD, and Micron already anchor the region’s advanced electronics cluster. Longmont’s economic development platform also highlights more than 40 IT, aerospace, robotics, and hardware companies active in the area, including Scythe Robotics, Intelliprop, and Seagate Technology. In addition to the CHIPS Zone, the city offers Enterprise Zones, and high-capacity municipal gigabit broadband infrastructure through its city-run NextLight network.

FOR SALE DETAILS

PRICE

$4,523,026 USD

PRICE/SF

$314 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

N Colorado Walgreens VillageMD Affluent Demos

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

C, Longmont

APN/PARCEL ID

1205351-26-002

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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