Thornton, CO | Retail Investment Sale
Blue West Capital arranged the sale of The Shops at HighPointe Park, a 10,956-square-foot multi-tenant retail center located at 9645 Washington Street in Thornton, Colorado. Eric Diesch and Bryce McNeely represented the seller, an out-of-state private investor, in the transaction. The property sold for $4,731,000, or approximately $432 per square foot.
The property was 100% leased at the time of sale to a diverse mix of national and regional tenants including Wingstop, Jimmy John’s, Verizon Wireless, TCBY, Jr. Smiles, and Crane Games. Strategically positioned at the signalized intersection of Washington Street and East Thornton Parkway, the center benefits from visibility to more than 62,000 vehicles per day. Located within the Denver MSA, Thornton continues to experience strong population growth and average household incomes exceeding $115,000 within a five-mile radius.
Transaction Highlights
- 10,956 SF unanchored multi-tenant retail center
- Sold for $4,731,000 ($432/SF)
- 100% leased at the time of sale
- Generated five qualified offers and sold at the asking price
- Tenant roster includes Wingstop, Verizon Wireless, Jimmy John’s, TCBY, Jr. Smiles, and Crane Games
- Signalized location with visibility to more than 62,000 vehicles per day
- Acquired by an institutional investor seeking unanchored retail strip centers
Blue West Capital executed a targeted marketing process that generated strong interest from local, regional, and institutional investors. The transaction further reflects continued demand for fully leased neighborhood retail centers positioned within dense, high-growth suburban trade areas.
Having the opportunity to sell HighPointe Park more than a decade after first working on the property is a rewarding full-circle moment for me personally. Transactions like this highlight the importance of long-term relationships and creating value for clients over time.
Eric Diesch, Director
This transaction marks the seventh unanchored retail strip center Blue West Capital has sold over the past 12 months. We generated multiple competitive offers, reflecting continued investor demand for well-located neighborhood retail assets and the limited supply available in today’s market.
Bryce McNeely, Associate Director
PR Contact
Eric Diesch
(720) 794-8034
Eric@BlueWestCapital.com
Be the first to know about new investment properties.
Subscribe to our mailing list
