Western US

• Walgreens is currently paying $19 per square foot, which is in line with current market retail rents of $19-21 per square foot.
• Walgreens benefits from dense infill demographics with 48,000 households and 117,000 residents in a 3-mile radius.
• The property is positioned within a well established multifamily corridor, in proximity to 4,100+ existing multifamily units within a 1-mile radius.
• In 2025, Walgreens waived their next option period extending the lease to March 31, 2032.
• Walgreens has operated at this location roughly 30 years since the store opening in 1996.
• Located 3 miles east of University of Colorado Colorado Springs, one of four campuses that make up the University of Colorado system with 11,300 students and 800 faculty.

Walgreens has been successfully operating at this location for 30 years and has over 5 years of firm term remaining with 6 (5-year) options to renew.

Walgreens is currently paying $19 per square foot, which is in line with current market retail rents of $19-21 per square foot. The Property is positioned within a dense, infill trade area supported by over 48,000 households and 117,000 residents within a 3-mile radius, including 4,100+ multifamily units within a 1-mile radius, underscoring an established, high demand multifamily corridor and a deep, renter driven consumer base.

In 2025, Walgreens elected to waive its next option period extending the lease term out to March 31, 2032 showing their commitment to this location.

The Property is located just 3 miles east of the University of Colorado-Colorado Springs, one of four campuses in the University of Colorado system, home to 11,300 students and 800 faculty members who contribute additional, steady demand to the surrounding area.