Grocery-anchored by Sprouts Farmers Market with long-term leases and recent leasing velocity
Blue West Capital is pleased to present the sale of Waneka Marketplace, a grocery-anchored shopping center located in Lafayette, Colorado. The 57,560 square foot property is 100% leased to three national, e-commerce resistant, and essential tenants including Sprouts Farmers Market, Dollar Tree, and Goodwill. The location, tenant line up, and surrounding demographics offers a future owner a passive, stable, and accretive cash flow for years to come.
The subject property is located at the hard corner of US Highway 287 and W South Boulder Road (60,000 VPD), creating high visibility and ease of access from both major thoroughfares. Waneka Marketplace benefits from over 880,000 visits per year. Visits to the center not only returned to pre-pandemic levels earlier in 2022 but are now exceeding the pre-pandemic levels and continuing to trend in a positive direction. In addition to the three tenants at Waneka Marketplace, there are also a variety of other separately owned national tenants that sit in line with the property or serve as outlots. These tenants provide additional consumer drive to the subject property.
Lafayette is an affluent and dense suburb in Boulder County. The city was recently ranked among the top 50 cities to live in the United States. Located just 18 miles north of downtown Denver and 10 miles east of Boulder, Lafayette is considered a suburban community to both cities. Within a five-mile radius, there are over 138,604 people with average household incomes of over $160,000. The subject property offers excellent accessibility, as it is located off of Highway 287 (42,000 VPD), which is the main thoroughfare in the market.