Project Description

Walgreens Colorado Springs

The subject property is a 14,490-square foot Walgreens store located in Colorado Springs, Colorado. Walgreens signed a corporate backed absolute net lease with over ten years remaining with termination options every five years beginning after July 2027. Walgreens Boots Alliance, Inc., a publicly traded company (NASDAQ: WBA) with investment grade credit rating “BBB” by Standard & Poor’s has annual revenues that exceed $117.35 billion and a net worth in excess of $29.88 billion.

Location Overview

Set out on the hard corner of N Murry Blvd and E Platte Ave, the subject property features easy access and excellent visibility to daily combined traffic counts of over 53,000+ vehicles. Strong Signage and a four way intersection further enhance its exposure. It is also excellently centralized within a strong retail corridor and it is a mile away from The Citadel, a 882,728+ multi-level enclosed shopping mall anchored by Burlington Coat Factory, Dillard’s and JCPenney. The mall features over 120 variety shops including Victoria’s Secret, rue21 GNC, Foot Locker, Pacsun and more. The site is also within close proximity to several national retailers such as Wal-Mart, Lowe’s Home Improvement, Guitar Center, PetSmart and many more The site is surrounded by residential neighborhoods and near numerous amenities including Colorado Springs Flea Market, Pikes Peak Library District – Ruth Holley Library, Jack Swigert Aerospace Academy and more. The site is located near numerous schools such as, Roosevelt Edison Charter School, Mitchell High School. The site is less than 5 miles away from Colorado Springs Airport, the second busiest commercial service airport in the state. The site benefits from strong demographics with over 252,881 people residing within a five-mile radius.

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