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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
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
License No. EC.100099522 (CO)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- -
Walgreens, founded by Charles Rudolph Walgreen in 1901 in Chicago, is a major U.S. pharmacy and retail chain operating under the publicly traded parent, Walgreens Boots Alliance (NASDAQ: WBA). Headquartered in Deerfield, Illinois, it provides prescription services, health and wellness products, photo services, and expanded healthcare offerings including immunizations and diagnostic screenings. As of late 2025, the company operated thousands of retail locations across the United States and Puerto Rico, serving roughly 78% of Americans within five miles of a store. Walgreens maintains omnichannel operations—blending in-store, online, drive-thru, and home delivery services—and has strategic healthcare partnerships, notably with VillageMD. Under the direction of new CEO Mike Motz, following the August 2025 purchase by Sycamore Partners, Walgreens continues to emphasize core pharmacy execution, digital innovation, and integrated care solutions.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R3919605 | Improvements Assessment | $664,950 |
| Land Assessment | $151,800 | Total Assessment | $816,750 |
PROPERTY TAXES
Presented by
Walgreens | 1641 23rd Ave
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