Westminster, CO (Denver MSA)
Price: $2,295,000
Cap Rate: 7.07%
Status: AVAILABLE
The Colonnades
9940 Wadsworth Parkway | Westminster, CO 80021
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