Westminster, CO (Denver MSA)
Price: $2,295,000
Cap Rate: 7.07%
Status: AVAILABLE

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Blue West Capital is pleased to offer for sale The Colonnades, a 100% occupied neighborhood strip center with a diversified tenant mix which includes LaMar’s Donuts & Coffee, Brazen Hair Company, and a Dry Cleaning Station. Tenants account for 84% of in-place revenues that have operated at this center for more that 18 years. Not only do the tenants have a rare 3% annual rental increases but every tenant is also on a NNN lease.

Strategically located 15 miles from Boulder and Downtown Denver, this center is just off the heavily trafficked signalized intersection of Wadsworth Parkway and Church Ranch Boulevard.

  • The Colonnades is a 100% occupied neighborhood strip center with a diversified tenant mix which includes LaMar’s Donuts & Coffee, Brazen Hair Company, and a Dry Cleaning Station
  • Tenants accounting for 84% of in-place revenues have operated at this center for more than 18 years
  • All of the tenants have rare 3% annual rental increases providing strong future NOI growth
  • Limited landlord responsibilities, every tenant is on a NNN lease
  • Strategically located 15 miles from Boulder & Downtown Denver

OFFERING SUMMARY

Price: $2,295,000
Cap Rate: 7.07%

Building Size: 6,948 SF
Lot Size:
1.41 Acres

INVESTMENT CONTACT

Brandon Gayeski
Associate Director
Investment Sales
720.966.1627
Brandon@BlueWestCapital.com

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2021-10-29T14:42:41-07:00
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