2400 Midway BlvdDenver, CO 80234

For Sale
$4,253,381

High-Yield Retail Property, Strong Demographics

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a 14,490 square foot Walgreens located at 2400 E Midway Blvd, Broomfield, CO 80234. The property boasts a prime hard corner location at the intersection of Midway Blvd and Zuni St, within a highly affluent Denver MSA neighborhood. Built in 2022, this single-tenant, NNN-leased property features a 25-year lease with approximately 2.8 years remaining (expiring 08/31/2027). The current lease provides a stable annual net operating income (NOI) of $350,904, translating to an attractive 8.25% cap rate and a price per square foot of $293.54. The asking price is $4,253,381. The property benefits from exceptional demographics, including an average household income exceeding $140,067 within a 1-mile radius and a substantial population of 106,125 within 3 miles. With limited retail competition (the nearest pharmacy is 3 miles away) and a record-low submarket vacancy rate of 4.6%, this Walgreens represents a secure and high-return investment. Lease options are available.

Property Details for 2400 Midway Blvd

Property type
Other retail properties, Individual retail properties
Square Feet
14,490 SF
Year Built
2022
Buildings
1

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.928247301024
Longitude
-105.01627348219
2400 Midway Blvd, Denver, Colorado

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2400 Midway Blvd
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