SouthGlenn Square

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

INVESTMENT CONTACT