12011 E Iliff Avenue

Property Description: Lee & Associates is pleased to present the opportunity to acquire a fee simple interest in a single-tenant Walgreens located in Aurora, Colorado, within the Denver MSA. The property consists of an approximately 11,034 square foot standalone pharmacy with a drive-thru, situated on a 1.23-acre parcel at 12011 E Iliff Avenue. Built in 2007, the asset is leased to Walgreens Co. under an absolute NNN lease structure, providing zero landlord responsibilities and stable, passive income. Walgreens is a nationally recognized investment-grade tenant and one of the largest pharmacy operators in the United States, with thousands of locations nationwide and reported revenues exceeding $150 billion. This location has demonstrated long-term operational success, with nearly two decades of occupancy and strong reported sales exceeding $3.1 million, resulting in a favorable rent-to-sales ratio of approximately 13%. The lease features a remaining term through November 2032, along with multiple extension options, offering long-term income security backed by a corporate guaranty.