Property profile

1505 S Federal Blvd Denver, CO 80219

OFF-MARKET
Drug stores
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Property summary

AI-generated overview

Syndicated Equities Investment Sales Group is pleased to present for sale a single tenant net leased Walgreens property located just six miles from Denver's Central Business District in Denver, CO. Walgreens recently executed an early extension that extended the expiration date to 6/30/2032 with ten 5-year options. The corporate lease is absolute NNN with zero landlord responsibilities. The approximately 14,490 square foot building is situated approximately 6 miles southwest of Denver's Central Business District at the signalized intersection of South Federal Boulevard and West Florida Avenue, which experiences 53,940 cars per day. More than 483,000 people live within a 5-mile radius of the property and earn an average annual household income of $97,488 (2020). National retailers located in the immediate area include Walmart, King Soopers, Save A Lot, 7-Eleven, AutoZone, O'Reilly Auto Parts, McDonald's, Wendy's, Burger King, Chase Bank, Taco Bell, Jiffy Lube, plus many others.

Property profile

Verified
Property type Drug stores

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Postal Service Courier Service
  • Atm
  • Bank Credit Union
  • Electric Vehicle Charging Station
  • Atm

Location

1505 S Federal Blvd Denver, CO 80219
Denver metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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