Lashley Retail Center

Longmont, CO 80504



Cap Rate: 7.23%

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3-Property Retail Portfolio | Below Market Rents

Blue West Capital is pleased to present the sale of 310, 340, & 390 Lashley Street, Longmont, CO 80504, a portfolio of three multi-tenant retail properties. The fully occupied property consists of 31,665 square feet amongst three buildings and ten suites. The properties offer a diverse tenant mix due to their Mixed-Use Corridor (MU-C) zoning which allows office, light industrial, and commercial uses. The parcels could be redeveloped in the future into four stories of multi-family, gas stations, car washes, restaurants with a drive-through or other various permitted uses.

The Lashley Retail Center is located at the northeast corner of Lashley Street and East 3rd Avenue, creating maximum visibility and easy customer access. The properties have convenient access to US-287, also known as Main Street, which runs through the center of downtown Longmont and continues north to Loveland and south to Denver. It also benefits from proximity to CO-119 which crosses south of downtown and continues southwest to Boulder and east to I-25.

Investment Highlights

  • 100% occupied with triple net NNN leases
  • Average lease rate is below market at $12.50/SF NNN
  • Add value via converting the State of Colorado’s lease to NNN and increasing rents to market
  • Priced below replacement cost at $158 per square foot
  • Landlord crack sealed, seal coated, and re-striped entire parking lot in September 2023
  • Large monument sign is highly visible from busy East 3rd Avenue
  • MU-C (Mixed-Use Corridor) zoning allowable uses include retail, office, light industrial, multifamily, hospitality, education, healthcare, entertainment, food & beverage, and some automotive services

Location Highlights

  • Over 35,500 vehicles per day at the intersection of East 3rd Avenue and Lashley Street
  • Located directly across from two RTD bus stops
  • 79,125 residents and an average annual household income of $111,932 within 3 miles

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Contact Information

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