Available

Highlands Garden Village

Denver, CO 80212

Price

$24,277,000

Cap Rate: 6.50%

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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.

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Contact Information

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

info@BlueWestCapital.com

720-989-1031