1821 E Bridge St Brighton, CO 80601

Property Details for 1821 E Bridge St

Year built

2001

Lot size

2.17 lot acres

Property size

14,418 SF

Property type

Retail space

APN

R0131360

APU

R0131360

Description

This exceptional investment opportunity presents a 14,490-square-foot Walgreens property located at 1821 E Bridge St, Brighton, CO 80601, situated on a 2.17-acre lot. The property boasts a long-term, absolute NNN lease with a corporate guarantee from Walgreens, minimizing landlord responsibilities. The lease commenced August 31, 2022, and extends for 13 years, with a remaining term of 10.8 years. The lease includes twelve, five-year renewal options, ensuring consistent income. Rent increases are scheduled every five years at 5%, providing a hedge against inflation. The current annual net operating income (NOI) is $362,250, resulting in an attractive 7.00% cap rate. The asking price is $5,175,000, translating to a price per square foot of $357.14. This hard-corner location benefits from high visibility and traffic volume (21,856 vehicles per day), situated in a major retail trade area alongside prominent businesses such as Safeway, NAPA Auto Parts, BMO Bank, Burger King, and Family Dollar. This is a fee-simple ownership opportunity with exceptional long-term stability and strong cash flow potential. The property's prime location and the strength of the Walgreens tenant make this an ideal investment for discerning buyers seeking a secure, high-return asset.

Location Insight

City

Brighton

County

Adams

State

Colorado

Longitude

-104.8

Latitude

39.9874

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments