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    1641 23Rd Ave Greeley, CO 80634

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    For Sale
    $5,000,000

    NNN leased retail property with long-term income and prime location.

    Property size:
    14,440 SF
    Lot size:
    2.25 Acres

    Property Features for 1641 23Rd Ave

    General Information

    Size
    14,440 SF
    Lot size
    2.25 Acres

    Source: Matthews Real Estate Investment Services | Atlanta Agent Connor Knauer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Greeley Retail Investment Opportunity

    This retail property, constructed in 2012, is situated on a 2.25-acre lot and features a modern, upgraded brick prototype design. The property benefits from ample parking and drive-thru pharmacy access. Located just off 16th Street, a major east-west arterial in a dense residential area of Greeley, Colorado, the property enjoys excellent visibility. The location is in one of Greeley’s strongest retail corridors. The property is subject to an absolute NNN lease, offering a passive investment structure with zero landlord responsibilities. The original 25-year lease has approximately 11.6 years remaining, providing stable, long-duration income. The tenant's performance potential is enhanced by minimal competition, with no other pharmacies within a one-mile radius. The lease is backed by a corporate guarantee, reinforcing income security. The property contains 14,440 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor Donald L. Kautz, ... Pharmacy FedEx OnSite Mailing Service Walgreens Drug Store BMO - ATM Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Banner Family Pharmacy, Ralph J. Sanks, RPh, Walgreens Pharmacy, Erica Adams, Donald L. Kautz, RPh

    Location Insight

    • Map
    • Local Demand
    City
    Greeley
    County
    Weld
    State
    Colorado
    Longitude
    -104.7165247
    Latitude
    40.4127939

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    FAQs

    What type of property is this?
    Drug store - NNN leased retail property with long-term income and prime location.
    Where is this drug store located?
    The property is located at 1641 23Rd Ave Greeley, CO.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: - Long-Term Absolute NNN Lease: Approximately 11.6 years remaining, offering a passive, stable income stream.; - **Strong Credit:** Backed by a corporate guarantee, reinforcing income security.; - **Prime Parcel:** Situated on a ±2.25-acre lot with ample parking and drive-thru pharmacy access.
    (813) 335-5893
    Request Owner's contact information
    1641 23Rd Ave Greeley, CO 80634
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    Greeley, CO 80634
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1641 23Rd Ave Greeley, CO 80634
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