Available

Eastbridge Town Center

Denver, CO 80238

Price

$14,367,000

Cap Rate: 6.48%

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Kroger Shadow Anchored Boutique Shopping Center in Central Denver

Blue West Capital is pleased to exclusively offer for sale Eastbridge Town Center, a three-building retail center in Denver, Colorado. The fully occupied property includes 24,312 square feet of gross leasable area. The center was built in 2017 with all leases commencing in that same year.

The subject property is located east of Fulton Street where Martin Luther King Boulevard splits into two different one-way roads creating maximum visibility and easy customer access. It benefits from direct access from Martin Luther King Boulevard as well as Geneva Court. The shopping center is shadow anchored by a high-volume King Soopers which brings a significant amount of additional foot traffic to the center. 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 paired with a synergistic tenant lineup have proven to be a success for the performance of Eastbridge Town Center.

Investment Highlights

  • Shadow anchored by high-volume King Soopers (not included)
  • 2017 construction with limited near-term capital expenditures
  • All leases are at or below market rental rates with annual rent increases
  • Ability to add-value by increasing Endorphin’s base rental rate
  • All triple net leases reimburse management fees and have no CAM slippage
  • 100% occupied by a collection of boutique restaurants, shops, fitness studios, and a salon
  • Ability to assume favorable existing debt (3.9% fixed interest rate, 45% loan to value, 30-year amortization, 12/01/27 maturity)

Location Highlights

  • Densely populated area with 147,000+ residents within three miles
  • Affluent surrounding area with average annual household incomes of $160,000 within one mile
  • Denver International Airport, the 3rd busiest airport in the world, is approximately 14 miles from the property
  • Positioned approximately eight miles east of Downtown Denver in the highly desirable Central Park neighborhood (previously Stapleton)
  • 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