Centennial, CO
Price: $3,572,000
Cap Rate: 5.50%
Status: UNDER CONTRACT

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The Streets at SouthGlenn

Outparcel 2 | Verizon & Tenant TBD
6997 S University Blvd | Centennial, CO 80122

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Blue West Capital is pleased to present the sale of the Verizon anchored outparcel to The Streets at SouthGlenn, a two tenant, 4,293 square foot retail building. The building thrives due to Centennial’s excellent demographics, the highly trafficked indoor-outdoor infill lifestyle center, and the anchor-tenant consumer draw. Available space includes highly visible 1,818 square feet space for lease. The Seller will place a 2-year rent and expense guaranty in escrow while the leasing efforts are finalized. The guaranteed rent is 20% below Verizon’s current rent, leaving upside for the new owner. An amazing opportunity to own an irreplaceable location. 

  • 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: $3,572,000
Cap Rate: 5.50%

Building Size: 4,293 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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2022-05-09T14:25:49-07:00
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