12011 Iliff Ave Aurora, CO 80014-1135
- Drug stores
- 11,299 SF
- 1.23 lot acres
Current Use by Public Records
- Drug stores
Property Details for 12011 Iliff Ave
- Year built
- 2007
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.23 lot acres
- Property size
- 11,299 SF
- Property type
- Drug stores
- APN
- 1973-26-1-45-001
- APU
- 197326145001
Description
This exceptional investment opportunity presents a 11,034 square-foot Walgreens pharmacy in Aurora, Colorado. Located at a high-traffic intersection (69,000+ VPD) on E. Iliff Ave and S. Peoria St, this single-story, 2007-built property boasts an absolute NNN lease with a corporate guarantee from Walgreens (NASDAQ: WBA). The 25-year lease, commencing December 2007, has approximately 8 years remaining. The property benefits from its proximity to the Medical Center of Aurora, a major healthcare system, and is situated within a densely populated area with over 169,200 residents within a 3-mile radius. The property's location within Aurora's strong retail corridor, near other major retailers like Target and Costco, ensures high visibility and consistent traffic. The Walgreens store is a top performer, reporting sales exceeding $3 million annually. The 1.23-acre lot offers excellent ingress and egress, and the property features a drive-thru for added convenience. This investment offers a 6.50% cap rate and a price per square foot of $584.38. The property's strong tenant, prime location, and long-term lease make it an attractive investment opportunity. The current occupancy is 100%, with an occupancy date of December 12, 2007.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $8,350,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,955,000
- 6.5%
- $7,005,000
- 7%
- $8,100,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $7,215,000
- Geo Method
- $7,880,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $7,910,000
- Retail
- $7,885,000
- Mixed-Use
- $6,325,000
- Hospitality
- $6,010,000
- Educational
- $7,810,000
- Residential Income
- $6,985,000
- Energy
- $6,555,000
- Income-Based Land
- $7,590,000
- Food Service
- $7,905,000
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.848
- Latitude
- 39.6752
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
