Building Details

Tenancy Single

Listing Agency: Blue West Capital

Listed By: Bryce McNeely · License #FA100067750 Show Phone

Source: Crexi

Added: Sep 22 Changed: Sep 26 Last Checked: Sep 26 at 2:28PM

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Investment Insights

Based on property information with market context.

This single-tenant drugstore is occupied by Walgreens, which has operated at the property for nearly 20 years. The absolute NNN lease is guaranteed by Walgreen Co. and has approximately 5.4 years remaining. The broader lease runs through 2082 and includes five-year termination options beginning January 31, 2032, with subsequent options at 60-month intervals. The lease assigns no property responsibilities to the landlord.

The property sits at the signalized junction of E Arapahoe Road and S Lewiston Way, with access from both roads. E Arapahoe Road carries 51,000 vehicles per day; S Parker Road, a nearby north-south commercial corridor, carries 70,000 vehicles per day. Nearby retail destinations include Cornerstar Shopping Center and Arapahoe Crossings, with Regis Jesuit High School also in the area. More than 77,600 residents live within three miles, and average household income in that radius exceeds $157,500.

Key Highlights

• Walgreens has operated at the property for nearly 20 years
• Absolute NNN lease guaranteed by Walgreen Co.; no landlord responsibilities
• Approximately 5.4 years remain on the lease, which runs through 2082

Property Analytics

Current Use

Drug stores

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Auto Parts Store Kitchen & Bath Showroom Garden Center Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

51,000 VPD

Traffic count

Single-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

544

Businesses Nearby

362k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Apparel 29% Superstores 23% Dining 21% Leisure 15%

Target Superstores

83,053 visits/mo 0.5 miles

Amc Arapahoe Crossing 16 Leisure

54,364 visits/mo 0.2 miles

Marshalls Apparel

38,632 visits/mo 0.4 miles

Kohl's Apparel

33,404 visits/mo 0.4 miles

Burlington Apparel

31,604 visits/mo 0.5 miles

Demographics for 80016, CO

65,406

Population

24,227

Households

2.7

Avg Household Size

38

Median Age

58%

College-Educated

97%

High-School Grad

32.3 sq mi

ZIP Area

2,025

Density / Sq Mi

$148,421

Median Household Income

$72,518

Median Earnings

$2,140

Median Rent

$707,700

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this drug stores located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Drug store - The site carries an absolute NNN lease guaranteed by Walgreen Co., with no landlord responsibilities.

Where is this drug store located?

The property is located at 16440 East Arapahoe Road Foxfield, CO.

What is the asking price?

The asking price for this property is $4,706,000.

What are key features of this property?

This property features: Walgreens has operated at the property for nearly 20 years; Absolute NNN lease guaranteed by Walgreen Co.; no landlord responsibilities; Approximately 5.4 years remain on the lease, which runs through 2082