Single-Tenant Walgreens with
12011 E Iliff Ave Aurora, CO 80014
For Sale
Contact for pricing
Standalone Walgreens pharmacy with drive-through on a 1.23-acre parcel, built in 2007 and leased under absolute NNN terms.
Property Size11,635 SF
Lot Size1.23 Acres
Price / SF$480.28
Days on Market66
Property Features for 12011 E Iliff Ave
General Information
Standard status
Active
Size
11,635 SF
Lot size
1.23 Acres
Property subtype
RETAIL
Listing Agency:
Lee & Associates | North San Diego County
(760) 519-0240
Listed By:
Ryan Bennett · License #01826517
(760) 519-0240
Source:
Moodyscre
Added: May 25
Changed: Jul 29
Last Checked: Jul 29 at 6:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | North San Diego County
Investment Insights
Based on property information with market context.
This fee-simple sale opportunity features a single-tenant Walgreens pharmacy with drive-through service. The standalone asset is approximately 11,034 square feet and was built in 2007, set on a 1.23-acre parcel. The property is currently leased to Walgreens Co. under an absolute NNN lease structure described as providing zero landlord responsibilities.
The lease is in place through November 2032 and includes multiple extension options. The property is also described as being backed by a corporate guaranty.
From an income standpoint, the offering is presented as stable, with nearly two decades of occupancy and reported strong sales performance at the location, alongside a stated favorable rent-to-sales ratio.
The lease is in place through November 2032 and includes multiple extension options. The property is also described as being backed by a corporate guaranty.
From an income standpoint, the offering is presented as stable, with nearly two decades of occupancy and reported strong sales performance at the location, alongside a stated favorable rent-to-sales ratio.
Key Highlights
- Single‑tenant Walgreens in Aurora, CO (Denver MSA) on a 1.23‑acre parcel at 12011 E Iliff Avenue
- Approximately 11,034 SF standalone pharmacy with drive‑thru; built in 2007
- Leased to Walgreens Co. under an absolute NNN structure with zero landlord responsibilities
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $237.4k | $20.40 |
| − Vacancy | −$17.8k | −$1.53 |
| EGI | $219.6k | $18.87 |
| − OpEx | −$54.9k | −$4.72 |
| NOI | $164.7k | $14.15 |
11,635 SF · lease $20.40/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.35M
$2.06M – $2.74M
NOI $164,664 @ 7.0% cap · market cap 2.95%
Second Best
Retail
$2.11M
$1.84M – $2.46M
NOI $147,554 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$3.25M
$2.84M – $3.79M
NOI $227,581 @ 7.0% cap · market cap 4.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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Frequently Asked Questions
What type of property is this?
Drug store - Standalone Walgreens pharmacy with drive-through on a 1.23-acre parcel, built in 2007 and leased under absolute NNN terms.
Where is this drug store located?
The property is located at 12011 E Iliff Ave Aurora, CO.
What is the asking price?
The asking price for this property is $5,588,000.
What are key features of this property?
This property features: Single‑tenant Walgreens in Aurora, CO (Denver MSA) on a 1.23‑acre parcel at 12011 E Iliff Avenue; Approximately 11,034 SF standalone pharmacy with drive‑thru; built in 2007; Leased to Walgreens Co. under an absolute NNN structure with zero landlord responsibilities
