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1641 23rd Ave, Greeley, CO, 80634

Walgreens
$3,999,000

Key Information

Cap Rate
10%
Year Built
2012
Term Remaining
±11.6 YRS
Type
Retail
Leasable Area
14,406

Highlights

  • Long-Term Lease: Approximately 11.6 years remaining on the original 25-year term, providing stable, long-duration income.
  • Absolute NNN Lease: Zero landlord responsibilities, offering a passive investment structure.
  • Prime Parcel: Situated on a ±2.25-acre lot with ample parking, drive-thru pharmacy access, and excellent visibility.
  • Strategic Location: Positioned just off 16th Street, a major east-west arterial in a dense residential corridor.
  • Minimal Competition: No competing pharmacies within a one-mile radius enhances tenant performance potential.
  • Strong Credit: Backed by a corporate guarantee, reinforcing income security.
  • Modern Construction: Built in 2012 and an upgraded brick prototype.
  • High-Performing Submarket: Located in one of Greeley’s strongest retail corridors.

Photos

Location

Agents

Broker of Record

Brayden Conner

License # EC.100099522 (CO)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203