Westminster, CO (Denver MSA)
Price: $3,850,000
Cap Rate: 4.35%
Status: UNDER CONTRACT

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Blue West Capital is pleased to exclusively offer for sale a brand-new construction O’Reilly Auto Parts in an affluent suburb of Denver.​ The property features a 15-year lease and rent commenced on December 1, 2021.​ The lease features a 6% rental increase in year 11 and in each renewal option period.​ O’Reilly Auto Parts is an investment grade rated company with a Standard & Poor’s BBB rating.​

The upgraded all brick and masonry property is located in Westminster, the 8th largest city in Colorado (12 miles north of downtown Denver).​ The surrounding area is rapidly expanding with 2.3%+ average projected annual population growth and is affluent with average household incomes of $133K within five miles.​

This O’Reilly Auto Parts property strategically out-positions the Advance Auto Parts and AutoZone serving the corridor.​ The property is located within a dynamic retail trade area that includes the Denver Premium Outlets, Walmart Supercenter, Lowe’s, King Soopers, Cabela’s, Target, In-N-Out, and many others.​ The property is positioned on W 136th just west of Interstate 25 (134K VPD).​

DENVER MSA IN AN AFFLUENT AND GROWING AREA

  • ​Westminster is the 8th largest city in Colorado and located 12 miles north of downtown Denver
  • Average annual household incomes in excess of $133,000 within five miles
  • 2.32% projected annual population growth within one mile

​LONG-TERM LEASE WITH HIGH-END CONSTRUCTION

  • 15-year lease commenced on December 1, 2021
  • ​O’Reilly Auto Parts is an investment grade rated company (S&P: BBB)
  • ​6% rental escalations every 5 years beginning in Year 11
  • ​Brand-new construction build-to-suit property
  • ​Upgraded high-end construction building featuring all brick and masonry
  • ​Concrete parking lot
  • ​Large 1.1-acre parcel

​DYNAMIC RETAIL TRADE AREA

  • ​Strategically out-positions the Advance Auto Parts and AutoZone serving the corridor
  • ​Positioned on W 136th just west of Interstate 25 (134K VPD)
  • ​Immediately west of the heavily trafficked signalized intersection of W 136th Street and Huron Street (42K VPD)
  • ​Retailers in the immediate corridor include Walmart Supercenter, Lowe’s, King Soopers, Cabela’s, Target, In-N-Out, and many others
  • ​Located just west of the “Denver Premium Outlets” developed by Simon Property Group in 2018
  • ​Close proximity to the recently constructed 55-acre St. Anthony North Hospital Campus • One mile east of Legacy High School (2,400 students)

OFFERING SUMMARY

Price: $3,850,000
Cap Rate: 4.35%

Building Size: 7,000 SF
Lot Size:
48,260 SF

INVESTMENT CONTACT

ZACH WRIGHT 
Director & Partner
Investment Sales
720.966.1628
Zach@BlueWestCapital.com

BRANDON GAYESKI
Director
Investment Sales
720.966.1627
Brandon@BlueWestCapital.com

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2022-04-21T11:15:33-07:00
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