2921 Nevada Ave Colorado Springs, CO 80907-6224

This exceptional investment opportunity presents a 13,500 square foot Walgreens located at 2921 N Nevada Ave, Colorado Springs, CO 80907. The property sits on a 1.35-acre lot and boasts a strong 7.00% cap rate, generating a net operating income (NOI) of $310,500. Secured by a corporate guarantee, the absolute NNN lease with Walgreens features a remaining term of 8.8 years, expiring September 1, 2033, and includes 5% rent bumps every 5 years, providing built-in rent growth. The property benefits from its high-traffic location at the hard corner of East Fillmore Street (34,921 VPD) and North Nevada Avenue (20,506 VPD), offering excellent visibility and accessibility. Its proximity to Interstate 25 and the University of Colorado Colorado Springs (UCCS) with 11,431 students ensures a consistent customer base. The affluent Colorado Springs MSA, with average household incomes of $84,956 within 5 miles, further strengthens the investment's appeal. Nearby national retailers include McDonald's, Taco Bell, KFC, Burger King, and Sonic. This is a 100% occupied, single-tenant property representing a secure and lucrative investment opportunity. The asking price is $4,436,000.