Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing for sale The Shops at Green Valley Ranch, a newly constructed, 19,840-square-foot shopping center consisting of two freestanding, Class A, multi-tenant retail buildings in Denver, Colorado. Leased to a variety of national and regional tenants, including Burger King, Pizza Hut, Sport Clips, Peak Dental and Jimmy John’s, the property has a weighted average lease term of 9.7 years. This offers new ownership stability of income and surety of cash flows, which makes The Shops at Green Valley Ranch an excellent long-term investment in one of the fastest growing submarkets in Denver, Colorado.
Situated on 1.9 acres at 4906-4998 North Tower Road, the property is located along the most dominant retail corridor in northeast Denver. The Tower Road retail corridor, bound by Peña Boulevard to the north and Interstate 70 to the south, comprises approximately 502,000 square feet of retail with a less than one percent vacancy rate. The corridor has experienced eight consecutive years of positive net absorption dating back to 2009, demonstrating strong demand for retail space in this booming market. The Shops at Green Valley Ranch is also in the path of explosive economic growth in Denver’s Northeast submarket, which encompasses Stapleton, Montbello and Gateway-Green Valley Ranch, as well as Denver International Airport (DIA). Expansive development projects proximate to the property include Pena Station NEXT TOD, Gaylord Rockies convention center and Amazon and Walmart fulfillment centers, among others. These developments, coupled with the expansion of DIA and the RTD commuter rail, will continue to drive unabated long-term growth in Northeast Denver.
The Shops at Green Valley Road offers investors the opportunity to acquire a recently built asset in one of the fastest-growing submarkets in Denver with a synergistic, yet diverse mix of best-in-class tenancy that provides daily needs products, services and experiences to the consumer. For more information on this commercial property other retail properties for sale, please contact Mark Williford or Chad Murray in HFF’s Denver office. For financing inquiries, please contact Kristian Lichtenfels. Click here for our real estate investment sales search page for a current listing of commercial properties available for sale.