Sold

Sold

Highlands Garden Village

Denver, CO 80212

Price

$26,900,000

Cap Rate: %

Sprouts and 24 Hour Fitness Anchored Multi-Tenant Retail Investment Property

Blue West Capital is pleased to present the sale of Highlands Garden Village (“HGV”), a Sprouts and 24 Hour Fitness anchored transit-oriented retail investment property located in Denver, CO. 

This fully occupied property encompasses 74,908 square feet across five buildings and 17 suites. The key attractions include the highest-performing Sprouts in the United States and a bustling two-story 24 Hour Fitness, ensuring a consistent flow of long-term daily needs traffic. The tenant mix is diverse, featuring national retailers, medical groups, and local service providers.

Situated in the heart of the sought-after Highlands neighborhood on the former site of Elitch Gardens amusement park, HGV benefits from a prime location. The surrounding neighborhoods boast a population of 174,436 within a three-mile radius and an average household income of $130,838 within a one-mile radius.

HGV is being offered free and clear of any debt obligations.

Investment Highlights

  • Anchored by high-performing Sprouts and 24 Hour Fitness
  • Starbucks recently improved its drive-thru endcap space
  • Almost all tenants have leases structured with annual rental increases
  • Ability to add value via below market lease rates (average rent of $24/SF NNN)
  • High-quality green construction, recently acknowledged with the 2007 Urban Land Institute Award for Excellence in the Americas
  • Tenants include reputable entities such as Starbucks, Highlands Family Medicine, Vida Chiropractic, Edward Jones, and HealthONE Rose Women's Care

Location Highlights

  • Positioned at the signalized southwest corner of the bustling Tennyson Street and 38th Avenue, with a daily traffic count of 30,158 vehicles
  • Convenient direct turn access from six prominent city streets
  • Densely populated area with over 174,000 residents within a three-mile radius with average household incomes of over $130,000 within a one-mile radius
  • Positioned approximately two miles of downtown Denver

We are ready to assist you.

Let's Connect arrow_forward

Close

Enter Your Information To Request The Offering Memorandum

Industry Role
Close

We are ready to assist you.

Please fill out the form and we will be in touch shortly.

By providing a telephone number and submitting the form you are consenting to be contacted by SMS text message. If you wish to initiate inbound SMS text messages, please contact your individual broker for their direct number. Message and data rates may apply. Reply STOP to opt out of further messaging. Blue West Capital, LLC may use text messaging for client communications only and does not use text messaging for marketing or promotional matters. Please see Privacy Policy for further information.

Contact Information

650 S Cherry St | Suite 920
Denver, CO 80246

info@BlueWestCapital.com

720-989-1031