15301 E Iliff Ave, Aurora, CO 80013
- Drug stores
- 14,176 SF
- 1.62 lot acres
Current Use by Public Records
- Drug stores
Property Details for 15301 E Iliff Ave
- Year built
- 2002
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.62 lot acres
- Property type
- Drug stores
- APN
- 1975-29-2-22-003
- APU
- 197529222003
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 28, 2025 | $2,800,000 | Iliff Chambers Aurora LLC | Rfp Wags LLC | Special Warranty Deed | $1.1M · Perpetual Accumulation LLC |
| Jul 12, 2024 | — | Rfp Wags LLC | Rider Family Portfolio LLC | Special Warranty Deed | $4.5M · First Internet Bank Of Indiana |
| Dec 20, 2021 | $9,664,900 | Rider Family Portfolio LLC | Cardinal Green Investments LLC | Special Warranty Deed | $29.6M · Lmf Commercial LLC |
| Oct 26, 2021 | $7,254,100 | Cardinal Green Investments LLC | Ckt Aurora LLC | Special Warranty Deed | $6.2M · The Northern Trust Co |
| Apr 20, 2010 | — | Knott Trust | Knott,richard J & Maureen A | Quit Claim Deed · related | — |
| — | — | Ckt-aurora LLC | — | Deed Of Trust · related | $3.6M · Everbank |
Description
This fee-simple Walgreens, located at 15301 E Iliff Ave, Aurora, CO 80013, presents a compelling investment opportunity. Built in 2002 and boasting 14,176 square feet on a 1.62-acre lot, this property benefits from a recently extended, absolute NNN lease with Walgreens, a corporate-guaranteed tenant, expiring October 31, 2033. The lease commenced October 22, 2021, and includes a remaining term of 8.9 years with 5% rent bumps every 5 years, providing a built-in hedge against inflation. The property enjoys a high visibility location at a signalized intersection with over 79,000 vehicles per day and proximity to Interstate 225 (over 176,000 vehicles daily). It's situated in a robust retail corridor with national retailers and benefits from its proximity to numerous senior living facilities and The Medical Center of Aurora. Aurora's strong growth, fueled by new developments and Buckley Space Force Base, further enhances the property's value. The asking price is $7,265,262, representing a price per square foot of $513 and a 6.50% cap rate with a current NOI of $472,242. The lease offers 13, 5-year options. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with significant long-term growth potential.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,500,000
- 6.5%
- $3,230,000
- 7%
- $3,000,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,075,000
- AI Estimate
- $5,075,000
Market price range: $2.36M - $7.48MMarket price range: $2.36M - $7.48M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $4,955,000 Current use
- RESTAURANT
- $6,905,000 Change: +39% Conversion: Easy
- AUTO REPAIR, GARAGE
- $5,895,000 Change: +19% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $4,910,000 Change: -1% Conversion: Moderate
- MEDICAL BUILDING
- $4,375,000 Change: -12% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $4,120,000 Change: -17% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.809
- Latitude
- 39.6753
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
