Value-Add, Multi-tenant retail property in Denver’s historic Washington Park neighborhood
Blue West Capital is pleased to exclusively offer for sale the Pub on Pearl Shops located in Denver, CO. This offering includes a 6,876-square-foot building made up of six e-commerce-resistant, service-based tenants.
This value-add investment offers significant upside in converting gross leases to triple net leases and marking rents to market during lease rollover. The property benefits from a strong mix of tenants with a weighted average lease term of 3.8 years. It has 15 onsite parking spaces and plenty of adjacent street parking. Positioned on the northwest corner of South Pearl Street and Buchtel Boulevard north, the property benefits from the dense and affluent surrounding neighborhoods as well as the highly trafficked Whole Foods Market immediately to the east.
Washington Park is a dense neighborhood located 2.5 miles south of downtown Denver. There are over 19,458 residents within one mile and over 205,228 residents within three miles of this location. It is also an affluent area with an average annual household income in excess of $208,414 within 1 mile.
