1730 E Platte Ave
Colorado Springs, CO 80909
Walgreens · Retail Property For Sale

Absolute net leased Walgreens store (NASDAQ: WBA) in Colorado Springs, CO. The subject property is a 15,120 square foot store built on a highly visible, signalized hard corner intersection with multiple points of ingress/egress. Walgreens has 8 years remaining on its lease and ten 5-year renewal options. The lease is backed by its strong S&P “BBB” investment grade corporate credit. The Tenant has operated at this site since 2001 and continues to report healthy sales. The property is ideally located directly across the street from the U.S. Olympic Committee headquarters and the largest U.S. Olympic Training Center in the country, a 35-acre athlete facility which includes multiple housing complexes. Colorado Springs is the second largest city in Colorado with a population of 464,000 residents. It is home to University of Colorado Colorado Springs, one of four University of Colorado System campuses. In 2018, the campus served over 12,500 undergraduate, graduate, and online students. Known as the Olympic City USA, the U.S. Olympic Committee Headquarters resides in Colorado Spring. The city’s average gross income from tourism is $2.25 billion with over 23 million visitors per year, providing a substantial boost to the retail industry.