Neighborhood center in prime trade area
Blue West Capital is pleased to present Granada Park Shopping Center, a 70,955-square-foot retail property strategically positioned at the high-traffic intersection of E Mississippi Ave (38,535 VPD) and S Chambers Rd (41,000 VPD). This vibrant center boasts a strong tenant mix, including Dollar Tree, Montessori Del Mundo charter school, essential services, and consumer goods retailers.
The property is 100% leased to ten tenants, with a weighted average lease term of 7.95 years and an attractive average rental rate of $13.10/SF NNN. This offers potential value-add opportunities through increasing rental rates or tenant repositioning. Foot traffic at the center has seen significant growth, with visits up +1.0% YoY, +17.3% Yo2Y, and +20.4% Yo3Y (Source: Placer.ai).
Located in Aurora, CO, the third-largest city in the state, Granada Park benefits from proximity to a thriving community of nearly 400,000 residents, just 10 miles east of Downtown Denver. Aurora is home to notable landmarks such as Buckley Space Force Base and UCHealth’s Anschutz Medical Campus, which includes the University of Colorado Hospital, Rocky Mountain VA Medical Center, and Children’s Hospital. Additionally, Denver International Airport (DIA), the third-busiest airport in the U.S., is located only 12 miles northeast of Aurora.
