Centennial, CO
Price: $15,794,000
Cap Rate: 5.75%
Status: UNDER CONTRACT

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The Streets at SouthGlenn

Outparcel 3 | Three Building Hard Corner Retail
2330, 2370 & 6703 S University Blvd | Centennial, CO 80122

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Blue West Capital is pleased to present the sale of the hard corner outparcel to The Streets at SouthGlenn, a three building, 24,389 square foot 100% leased multi-tenant retail property portfolio. Current tenants thrive at The Streets at SouthGlenn due to Centennial’s excellent demographics, the highly trafficked indoor-outdoor infill lifestyle center, and the anchor tenant consumer draw. The three buildings are 77% leased to nationally recognized tenants including Pacific Dental, Noodles & Company, Mattress Firm, Pearle Vision, Qdoba and more. Nine of the eleven tenants have been at their location for 10+ years. 

  • LOCATION, LOCATION, LOCATION: 4.6M+ customers visit the lifestyle center annually.
  • KEY ANCHORS: Whole Foods, Chick-fil-A, Best Buy, Regal Theaters, H&M, SouthGlenn Public Library, 214-unit luxury apartment building, 131,000 SF Class A office and two planned redevelopments.
  • DENSE HIGH-INCOME DEMOGRAPHICS: The surrounding five-mile demographics boast household incomes of $133,564, a population of 290,725, and a median home value for zip code 80122 of $560,000.
  • THE “WHOLE FOODS EFFECT”: Studies have shown commercial buildings located in close proximity to a Whole Foods have lower vacancy and higher rent growth.

OFFERING SUMMARY

Price: $15,794,000
Cap Rate: 5.75%

Leaseable SF: 24,389 SF
Occupancy:
100%

INVESTMENT CONTACT

TOM ETHINGTON 
Managing Partner
Investment Sales
720.966.1624
Tom@BlueWestCapital.com

ROBERT EDWARDS
Managing Partner
Investment Sales
720.966.1630
Robert@BlueWestCapital.com

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2022-05-19T07:04:11-07:00
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