Colorado Blvd Shops

Denver, CO
Price: $2,650,000
Cap Rate: 6.00%

CO Blvd Shops - Cover Photo
CO Blvd Shops - Aerial
Patrick dimarco - _PCD0633
CO Blvd - Photo 1
CO Blvd Shops - Cover Photo CO Blvd Shops - Aerial Patrick dimarco - _PCD0633 CO Blvd - Photo 1
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Blue West Capital is pleased to present the sale of Colorado Boulevard Shops. This three tenant multi-tenant net leased retail property has great access and visibility to South Colorado Boulevard. The center is 100% leased with below market lease rates. Two of the three tenants are national corporate service tenants. All three tenants have annual rental escalations. This investment offers a future owner a passive stable investment with rental upside.

Located in South Denver, 2715- 2725 Colorado Boulevard boasts excellent population & income demographics. At this location, Colorado Boulevard boasts traffic counts in excess of 32,000 vehicles per day. The property sits across the street from the 253,329 square foot University Hills power center and is surrounded by affluent established neighborhoods. Nearby tenants include King Soopers, Marshalls, Office Depot, Ulta Beauty, PetSmart, Michaels, and Pier 1.

  • Increase value via below market rental rates
  • All three triple net leases have 3.0% annual increases
  • 68% of center is leased to national service-based tenants
  • Average 1-mile household income greater than $127,151

OFFERING SUMMARY

Price: $2,650,000

Cap Rate: 6.00%

Year Built: 1989

Building Size: 4,803 SF

INVESTMENT CONTACT

ROBERT EDWARDS – LEAD
Managing Partner
Investment Sales
720.966.1630
Robert@BlueWestCapital.com

ZACH WRIGHT
Director
Net Lease Investment Sales
720.966.1628
Zach@BlueWestCapital.com

SHAWN DICKMANN
Analyst
Investment Sales
720.828.8310
Shawn@BlueWestCapital.com

TOM ETHINGTON
Managing Partner
Investment Sales
720.966.1624
Tom@BlueWestCapital.com

BRANDON GAYESKI
Associate
Investment Sales
720.966.1627
Brandon@BlueWestCapital.com

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2020-05-05T22:01:30-07:00