2701 Main Ave Durango, CO 81301

Listing agency Marcus & Millichap - Downtown San Diego

Listed by Robb Johnson · License #CA 01357737

Source Crexi

Added: Apr 11 Updated: Jul 23 at 3:12AM Checked: Jul 23 at 3:12AM

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Investment Insights

Based on property information with market context.

This freestanding Walgreens property includes a drive-thru and is offered for sale under an absolute NNN lease structure. According to the remarks, there are just over 11.5 years remaining on an original 15-year absolute NNN lease.

The site is located along Main Avenue (Highway 550) at a signalized intersection with W. 24th Street, which supports prominent exposure and accessibility. The surrounding area includes nearby traffic generators such as the Durango Community Recreation Center, the La Plata County Fairgrounds, Durango High School, and Miller Middle School. Neighboring retailers referenced in the remarks include Starbucks, Taco Bell, Four Corners Community Banks, and Durango Doughworks.

The lease terms described in the remarks include rare 5% increases every five years throughout the base term and (12) 5-year renewal options.

Key Highlights

• 14,070 SF freestanding Walgreens with drive‑thru on an absolute NNN lease structure
• Just over 11.5 years remaining on an original 15‑year absolute NNN lease
• Lease includes very rare 5% increases every five years throughout the base term

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Similar Off Market Nearby

• Walgreens Pharmacy — 2701 Main Ave, Durango, CO 81301
• COVID-19 Drive-Thru Testing at Walgreens — 2701 Main Ave, Durango, CO 81301
• Jeff May, RPh — 2701 Main Ave, Durango, CO 81301
• Lora L. White, BS — 2701 Main Ave, Durango, CO 81301
• Kristin Harding — 2701 Main Ave, Durango, CO 813015921

FAQs

What type of property is this?

Drug store - Freestanding Walgreens with drive-thru on an absolute NNN lease structure.

Where is this drug store located?

The property is located at 2701 Main Ave Durango, CO.

What are key features of this property?

This property features: 14,070 SF freestanding Walgreens with drive‑thru on an absolute NNN lease structure; Just over 11.5 years remaining on an original 15‑year absolute NNN lease; Lease includes very rare 5% increases every five years throughout the base term