LITTLETON, CO – [January 27, 2023] – Bryce McNeely, of Blue West Capital, has completed the sale of a five-tenant net leased retail building located at 2727 & 2817 W Belleview Ave, Littleton, CO for $4,000,000. Bryce represented the buyer in the transaction, a repeat Hawaii-based 1031 exchange investor.
Shops at Belleview consists of two structures totaling 7,359 square feet and is 100% occupied by regionally and nationally recognized tenants including Black Rock Coffee, Wing-Stop, Marco’s Pizza, Metro by T-Mobile, and Trinity Nails & Spa. The property is shadow anchored by King Soopers. Ideally located off of Belleview Avenue, a prominent east to west thoroughfare of Denver, with exposure to over 67,000 vehicles per day. The surrounding area has a population of 300,00 with an average household income of $125.000 within a five-mile radius.
“It feels great helping a repeat client successfully transition their portfolio out of the intensive hospitality sector and into stabilized retail investments that offer more passive income. The property’s strong real estate fundaments, long term net leases, and significant capital improvements were a large draw for the buyer. We are still seeing deals get done for well positioned net leased assets; we are working with a hand full of buyers right now.”
Bryce McNeely, Associate
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