1821 E Bridge St Brighton, CO 80601
Property profile & analytics
1821 E Bridge St Brighton, CO 80601
- Retail space
- 14,418 SF
- 2.17 lot acres
Property ID
US13-2519563
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,630,000
- ML approach
- $4,265,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,340,000
- 6.5%
- $4,010,000
- 7%
- $3,720,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,356,000
Market price range: $1.47M - $3.36M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $6,325,000
- AUTO REPAIR, GARAGE
- $5,055,000
- OFFICE BUILDING
- $3,990,000
- APARTMENT HOUSE (5+ UNITS)
- $3,185,000
- COMMERCIAL (GENERAL)
- $2,890,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- 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
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$73,175
$118,510
$602,980
$721,490
-
$849,551
$1,538,049
$2,387,600
