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Firestone Safeway Marketplace

Firestone, CO 80504

Price

$6,000,000

Cap Rate: 7.22%

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Safeway Shadow-Anchored Neighborhood Center

Blue West Capital is pleased to exclusively offer for sale Firestone Safeway Marketplace in Firestone, Colorado. The property includes 22,603 square feet of gross leasable area. It has seen recent leasing momentum with two new tenants signing leases within the past year.

The subject property is located on the northeast corner of Colorado Boulevard and Grant Avenue allowing for multiple access points and high visibility along Colorado Boulevard. The center is shadow anchored by one of the highest trafficked Safeway’s in Colorado (according to Placer.ai), boosting the visits for every tenant within the inline shops. Other freestanding pads bringing customers to the center include a Safeway Fuel Station, Big O Tires, Carbon Valley Animal Hospital, and Adams Bank & Trust.

Firestone is located in Weld County and has recently become one of the fastest growing cities in Colorado. It has experience a 62% population increase since 2021 and is projected to continue to grow well above the state average. The city is conveniently located about halfway between Greeley and Denver with proximity to I-25 and US-85. It has become an affluent area now boasting an average household income of $119,354 within 3 miles of the subject property.

Investment Highlights

  • Shadow anchored by the 7th busiest Safeway in Colorado (per placer.ai).
  • Firestone is one of the fastest growing cities in Colorado and has experienced a 62% increase in population since 2021.
  • Passive investment with triple net leases that include property management expense reimbursement.
  • Priced below replacement cost ($269/SF).
  • Over 702.5K people visit this Safeway annually (placer.ai).
  • Convenient full-turn access from Colorado Boulevard, First Street, and Grant Avenue.
  • Rapidly expanding corridor with annual projected population growth of 4.19% over the next five years.
  • Highly visible large monument sign located at signalized entrance on Colorado Boulevard.
  • Offered free and clear of debt.
  • Freestanding pads (not a part of the sale) include Safeway Fuel Station, Big O Tires, Carbon Valley Animal Hospital, Premier Members Credit Union, Adams Bank & Trust, Peppers Fireside Grille.

Location Highlights

  • Located in the Denver MSA approximately 30 miles north of Downtown Denver.
  • Affluent area with an average household income of $115,780 within one mile.
  • Denver International Airport, the 3rd busiest airport in the world, is approximately 30 miles from the property.
  • Nearby national retailers include Safeway, King Soopers, Ace Hardware, FirstBank, McDonalds, Walgreens, Big O Tires, AutoZone, Sherwin-Williams, Christian Brothers, and many more.

We are ready to assist you.

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Contact Information

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

info@BlueWestCapital.com

720-989-1031