Denver, CO
Price: $7,525,000
Cap Rate: 5.50%
Status: UNDER CONTRACT

Main-LoHi-Plaza-Denver-CO
2986_SpeerBlvd_007
2986_SpeerBlvd_002
2986_SpeerBlvd_017
2986_SpeerBlvd_016
Main-LoHi-Plaza-Denver-CO 2986_SpeerBlvd_007 2986_SpeerBlvd_002 2986_SpeerBlvd_017 2986_SpeerBlvd_016
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Blue West Capital is pleased to present the sale of LoHi Plaza, a two-building 13,975 SF trophy multi-tenant retail property located in Denver’s highly sought-after “LoHi” neighborhood. The property is 100% leased to nationally recognized tenants, Chase Bank, AutoZone, Subway, and Bad Ass Coffee. Over 72% of the Net Operating Income is from investment grade rated tenants. 

LoHi Plaza is strategically located at the hard corner and signalized intersection of Speer Blvd and Federal Blvd, averaging a combined 62,500 vehicles per day. The 3-mile trade area is supported by some of the top demographics in the state with 209,532 total population and $94,956 average house hold income. The site is within close proximity to multiple new apartment developments, Denver’s top in-fill neighborhoods (LoHi, Jefferson Park, Sloans Lake, West Highlands, etc.) and multiple new master planned developments (Union Station, The River Mile, Diamond Hill, etc.) providing a large daily consumer base from which to draw.

  • Irreplaceable Retail Location on High Visibility Corner – strategically located along Speer Blvd and Federal Blvd, visible to more than 62,500+ vehicles per day
  • Prime Lower Highlands Location (“LoHi”) – The LoHi neighborhood is a top sub-market of Denver as it blends the best of Denver retail with residential living right on the edge of Downtown Denver’s CBD
  • Below Market Rent – AutoZone is currently paying just $22.24/SF + NNN with market rents achievable in the $32.00 – $48.00/SF + NNN range.
  • 100% Occupied | 72.5% NOI Investment Grade Tenants | 100% Corporate Guaranteed Leases – JP Morgan Chase & Co is investment grade S&P A Rated. AutoZone is the largest retailer of aftermarket automotive parts and accessories with over 6,500 locations and a market capitalization of $28 billion

OFFERING SUMMARY

Price: $7,525,000
Cap Rate: 5.50%

Building Size: 13,975 SF
Occupancy:
100%

INVESTMENT CONTACT

TOM ETHINGTON    
Managing Partner
Investment Sales
720.966.1624
Tom@BlueWestCapital.com

ROBERT EDWARDS  
Managing Partner
Investment Sales
720.966.1630
Robert@BlueWestCapital.com

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2021-12-22T14:03:58-07:00
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