280 Main StColorado Springs, CO 80911

This exceptional investment opportunity presents a freestanding Walgreens located at 280 Main St, Colorado Springs, CO 80911. The property boasts a 13,905 square foot building situated on a 1.42-acre lot at a hard corner, four-way signalized intersection with over 25,000 vehicles daily. The property benefits from a highly visible location within a strategic medical hub, proximate to numerous medical centers and clinics. This single-tenant, Absolute NNN lease with Walgreens, a Fortune 500 company (S&P rating BBB), offers significant long-term stability. The lease commenced January 28, 2002, and has a remaining term of approximately 2.2 years, with ten 5-year renewal options. Walgreens has occupied the property since its opening, demonstrating a strong commitment to the location. The current Net Operating Income (NOI) is $308,813. The tenant is responsible for all expenses, including taxes, insurance, and maintenance (including roof and structure). This property offers a compelling combination of a strong tenant, a prime location, and a long-term lease, making it an ideal addition to any investment portfolio. The property is located less than 10 miles from Colorado Springs Airport and Peterson Space Force Base. The surrounding area includes numerous national tenants such as Ross Dress for Less, Planet Fitness, Sonic, Mavericks, Lowe's, Walmart, and Safeway. The area's population within a 5-mile radius exceeds 120,000 people.