BWC Closes $4.2M Northglenn Retail Property Sale

BWC Represents Both Sides in $4.2M Northglenn Retail Sale

Blue West Capital arranged the sale of a freestanding retail building located at 750 E 120th Ave, Northglenn, CO 80233. The property sold for $4,200,000, representing $290/SF.

Transaction Highlights:

BWC represented the Seller, a Colorado-based individual, and the Buyer, a Texas-based developer
Generated 4+ offers within the first weeks of marketing, creating a competitive bidding process
Sold for 105% of the asking price
Closed within six months of marketing
Excellent visibility at the hard corner of 120th Avenue (45,000+ VPD) and Washington Street (27,000+ VPD)
Prime infill location within an affluent, dense, and established Northglenn trade area (AHHI of $123,500)

The site is conveniently located at the signalized intersection of E 120th Ave (45,000 VPD) and Washington St (27,000 VPD), featuring excellent visibility and access from both streets. The 14,490-square-foot building is positioned on a 1.3 AC parcel with 73 surface parking spaces. The former tenant, Walgreens, vacated the property, positioning the asset for redevelopment within a dense retail corridor.

Blue West Capital executed a targeted marketing process that generated strong buyer interest and a competitive bidding process, ultimately resulting in the property trading above the asking price.

Blue West Capital's Tom Ethington, Noah Harrison, and Robert Edwards represented the Seller, a Colorado-based individual. Blue West Capital's JR Hagan, Shawn Dickmann, and Josh Lorenzen represented the Buyer, a Texas-based developer.

This transaction required close coordination among the Seller, Buyer, and Walgreens. By negotiating the lease extension around the transaction’s closing schedule, we protected the Seller’s income while giving the Buyer a clearly defined timeline for taking control of the property and beginning its redevelopment plans.
Robert Edwards, Managing Partner

Northglenn is a suburb located 10 miles north of Downtown Denver, with nearly 39,000 residents. The city benefits from strong surrounding demographics, established national retailers, and consistent municipal and private investment within its retail corridors. Average household incomes exceed $123,000 within three miles, supporting a reliable consumer base and long-term value potential.