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Walgreens 1641 23rd Ave 14,440 SF Retail Building Greeley, CO 80634 $3,999,000 ($276.94/SF) 10% Cap Rate

Drug Stores Colorado Greeley 1641 23rd Ave, Greeley, CO 80634

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Investment Highlights

  • Long-Term Lease: Approximately 11.6 years remaining on the original 25-year term, providing stable, long-duration income.
  • Prime Parcel: Situated on a ±2.25-acre lot with ample parking, drive-thru pharmacy access, and excellent visibility.
  • Minimal Competition: No competing pharmacies within a one-mile radius enhances tenant performance potential.
  • Absolute NNN Lease: Zero landlord responsibilities, offering a passive investment structure.
  • Strategic Location: Positioned just off 16th Street, a major east-west arterial in a dense residential corridor.

Executive Summary

Brayden Conner
License No. EC.100099522 (CO)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,440 SF
Building Class
B
Year Built
2006
Price
$3,999,000
Price Per SF
$276.94
Cap Rate
10%
NOI
$399,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.25 AC
Zoning
C - Commercial Business
Parking
50 Spaces (3.46 Spaces per 1,000 SF Leased)
Frontage
193’ on 23rd Ave

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Drive Thru

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

Walgreens is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -

Links

1 1
Walk Score®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Starbucks
First National Bank of Omaha
VASA Fitness
King Soopers
Chase
Rent-A-Center
The Human Bean
Wells Fargo Home Mortgage
Bank of Colorado

Property Taxes

Parcel Number R3919605 Improvements Assessment $664,950
Land Assessment $151,800 Total Assessment $816,750

Property Taxes

Parcel Number
R3919605
Land Assessment
$151,800
Improvements Assessment
$664,950
Total Assessment
$816,750
(404) 400-2794

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 38611683

  • Date on Market: 8/14/2025

  • Last Updated:

  • Address: 1641 23rd Ave, Greeley, CO 80634

More public record information on 1641 23rd Ave, Greeley, CO 80634

The Retail Property at 1641 23rd Ave, Greeley, CO 80634 is currently available for Sale. Contact Matthews Real Estate Investment Services for more information.

NEARBY LISTINGS

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Walgreens | 1641 23rd Ave
(404) 400-2794 x

Walgreens | 1641 23rd Ave

Connor Knauer
(404) 400-2794

Daniel Gonzalez
(305) 395-6972

Harrison Groom
(904) 955-8887

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