Available

Eastbridge North Shops

Denver, CO 80238

Price

$5,425,000

Cap Rate: 6.15%

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Infill Multi-Tenant Retail in Central Denver

Blue West Capital is pleased to exclusively offer for sale a multi-tenant retail property in Denver, Colorado. This property spans 8,383 square feet and is currently leased to essential, e-commerce-resistant tenants including Pacific Dental, Scenthound Dog Grooming, The Wine & Spirits Boutique at Eastbridge, and Mathnasium.

With a 100% occupancy rate, this property is strategically situated directly across the street from one of the top-ranked King Soopers in the immediate trade area, which brings a significant amount of additional traffic to the property. Other nearby national retailers include Walmart Supercenter, Sam’s Club, Home Depot, Sprouts, Ross Dress for Less, Office Depot, Big 5, PetSmart, In-N-Out Burger, Raising Cane’s, McDonald’s, and Starbucks.

Central Park, previously Stapleton, is a neighborhood within the city limits of Denver, Colorado. Located just eight miles east of Downtown Denver, Central Park is the largest residential neighborhood within the city of Denver. It is an affluent area boasting an average household income of over $160,000 within one mile. It is also a dense neighborhood with over 147,000 people living within three miles of the subject property. These excellent demographics combined with a diverse tenant lineup have proven to be a success for the performance of Eastbridge North Shops making it a stable and value-adding investment opportunity.

Investment Highlights

  • Situated across the street from a high-volume King Soopers (Kroger)
  • Assumable loan with a low interest rate of 4.79%
  • 2017 construction with minimal near-term capital expenditures
  • Long-term WALT of 4.8 years
  • All leases are NNN and reimburse property management fees
  • 100% occupied by a diverse mix of national tenants including Pacific Dental, Mathnasium, Scenthound and Wells Fargo

Location Highlights

  • Densely populated area with over 147,000 residents within a three-mile radius
  • Located within the highly sought-after Central Park neighborhood with average household incomes of $160,000 within a one-mile radius
  • Positioned approximately eight miles east of downtown Denver and only 14 miles from Denver International Airport (the world’s 3rd busiest airport)
  • Benefits from tenant synergy with nearby childhood education centers (Tinker Town Preschool & Central Park Knowledge Beginnings)
  • Nearby national retailers include King Soopers, HealthOne, CareNow Urgent Care, Walmart Supercenter, Sam’s Club, Home Depot, Sprouts, Ross Dress for Less, Office Depot, Big 5, PetSmart, In-N-Out Burger, Raising Cane’s, QuikTrip, McDonald’s, Starbucks, Walgreens, and many more

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Contact Information

400 S. Colorado Blvd | Suite 590
Denver, CO 80246

info@BlueWestCapital.com

720-989-1031