Centennial, CO
Price: $9,490,000
Cap Rate: 6.65%
Status: UNDER CONTRACT
SOUTHGLENN SQUARE
7562 S University Blvd | Centennial, CO
Blue West Capital is pleased to present the sale of SouthGlenn Square, a 61,487 SF multi-level retail center located at the busy intersection of S. University Blvd and E. Dry Creek Rd, in Centennial, Colorado.
SouthGlenn Square is located at 7562-7592 S. University Blvd, Centennial, CO 80122. Strategically located directly across S. University Blvd from a King Soopers anchored center and nearby Arapahoe High School and Shepherd of the Hill Lutheran Church School. Unique to its surrounding competition, SouthGlenn Square offers a diverse rent and space layout:
Pad retail: Average rents of $34/SF NNN | 4,731 SF (24% vacant)
Street level retail: Average rents of $11/SF NNN | 30,073 SF (18% vacant)
Lower level service retail: Average rents of $7/SF NNN | 26,683 SF (2% vacant)
- Excellent demographics in 3 mile radius: $133,000 median household income, 5% population growth, and 100,000 population
- 24.13% IRR at market occupancy (5 year pro forma)
- SouthGlenn Square’s street retail rents are 70% below surrounding retail, with an additional value add opportunity through the lease up of the 12% vacancy
- Income stream diversity – No one tenant accounts for more than 16% of the asset’s square footage
OFFERING SUMMARY
Price: $9,490,000
Cap Rate: 6.65%
Year Built: 1984
Building Size: 61,487 SF
INVESTMENT CONTACT
TOM ETHINGTON – LEAD
Managing Partner
Investment Sales
720.966.1624
Tom@BlueWestCapital.com
ZACH WRIGHT
Director
Net Lease Investment Sales
720.966.1628
Zach@BlueWestCapital.com
SHAWN DICKMANN
Analyst
Investment Sales
720.828.8310
Shawn@BlueWestCapital.com
ROBERT EDWARDS
Managing Partner
Investment Sales
720.966.1630
Robert@BlueWestCapital.com
BRANDON GAYESKI
Associate
Investment Sales
720.966.1627
Brandon@BlueWestCapital.com