Walgreens Drug
New
For Sale
Contact for pricing
3480 North Academy Boulevard, Colorado Springs, CO 80917
Long-established Walgreens location with extended lease structure and substantial surrounding residential density.
Property SizeContact for details
Days on Market5
Property Features for 3480 North Academy Boulevard
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License #02154562
(888) 737-2264
Source:
Crexi
Added: Sep 1
Changed: Sep 4
Last Checked: Sep 4 at 2:27PM
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 Bang Realty
Investment Insights
Based on property information with market context.
The property is a Walgreens drug store at 3480 North Academy Boulevard in Colorado Springs. Walgreens has operated at this location for 30 years, with over 5 years of firm lease term remaining and six 5-year renewal options. The tenant waived its next option period in 2025, extending the lease term through March 31, 2032.
The site serves an established infill trade area with more than 48,000 households and 117,000 residents within a 3-mile radius. The surrounding area also includes over 4,100 multifamily units within 1 mile. The University of Colorado-Colorado Springs is located 3 miles east and includes 11,300 students and 800 faculty members, adding to the nearby population base.
The site serves an established infill trade area with more than 48,000 households and 117,000 residents within a 3-mile radius. The surrounding area also includes over 4,100 multifamily units within 1 mile. The University of Colorado-Colorado Springs is located 3 miles east and includes 11,300 students and 800 faculty members, adding to the nearby population base.
Key Highlights
- Walgreens has operated at the location for 30 years
- Over 5 years of firm lease term remaining
- Six 5‑year renewal options
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,780
Businesses Nearby
56k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 39%
Beauty & Spa 7%
Electronics 6%
Wendy's
Dining
8,939 visits/mo
0.2 miles
Mexico Restaurant
Dining
8,311 visits/mo
0.5 miles
Conoco
Shops & Services
8,305 visits/mo
0.0 miles
7-Eleven
Shops & Services
6,602 visits/mo
0.0 miles
The Human Bean
Dining
4,765 visits/mo
0.2 miles
Demographics for 80917, CO
30,513
Population
13,656
Households
2.2
Avg Household Size
37
Median Age
35%
College-Educated
94%
High-School Grad
5.6 sq mi
ZIP Area
5,449
Density / Sq Mi
$72,805
Median Household Income
$39,973
Median Earnings
$1,435
Median Rent
$353,100
Median Home Value
Market
Vacancy Rate% for Retail in Colorado Springs, CO
Questions? Ask Rey
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Similar Off Market Nearby
- Herbal Swank Bath & Body
- Bryan W. Lafferty, RPH — 3207 N Academy Blvd, Colorado Springs, CO 80917
- Sherri Albern — 3207 N Academy Blvd, Colorado Springs, CO 809175100
- Robert H. Shelton, RPH — 3277 W Carefree Cir, Colorado Springs, CO 80917
- Michael Hafner — 3480 N Academy Blvd, Colorado Springs, CO 809175086
Frequently Asked Questions
What type of property is this?
Drug store - Long-established Walgreens location with extended lease structure and substantial surrounding residential density.
Where is this drug store located?
The property is located at 3480 North Academy Boulevard Colorado Springs, CO.
What is the asking price?
The asking price for this property is $3,655,172.
What are key features of this property?
This property features: Walgreens has operated at the location for 30 years; Over 5 years of firm lease term remaining; Six 5‑year renewal options
