Fully Leased Metro Denver Retail Center for Sale

Tuesday, July 31, 2018

Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is offering qualified investors the opportunity to acquire Lone Tree Westview, a 24,447-square-foot shopping center for sale in the thriving Denver suburb of Lone Tree. Situated in the highly-trafficked area surrounding Park Meadows Mall, the property is 100 percent leased to national and local tenants. The immediate shopping centers near the mall have experienced outstanding occupancy levels, with a two percent average vacancy over the last five years. Investors have the opportunity to acquire an asset that will require minimal management while benefiting from a thriving super-regional shopping destination adjacent to the property.

Denver-Area Retail for Sale Investment Highlights

Rendering
  • Attractive In-Place Cash Flow:  Lone Tree Westview is fully leased to a mix of national and local tenants, including soft goods and service-oriented brands Mattress Firm, Kirkland’s, Lillie Avenue and Phenix Salon Suites.  79.6 percent of the GLA is leased to national tenants, providing income security for a new investor.
  • Highly Accessible and Visible Center:  Situated on 1.86 acres at 9140 East Westview Road, Lone Tree Westview is well positioned and easily accessible from the dominant east-west arterial of County Line Road, experiencing more than 31,500 vehicles per day, and the north-south arterial of South Yosemite Street, which exposes the center to at least another 21,300 vehicles per day.
  • Adjacent to High-Performing Super Regional Mall:  Neighboring Park Meadows Mall is an exceptionally high-performing mall, drawing regional consumers as a major destination retail attraction. Lone Tree Westview benefits from the traffic patterns and synergy of the adjacent mall.
  • Highly Educated and Affluent Trade Area:  More than 360,000 residents with average household incomes exceeding $142,500 are located within a five-mile radius of Lone Tree Westview. Fifty-five percent Lone Tree’s residents have obtained a bachelor’s degree or higher.
  • Performing Retail Micro-Market:  The retail properties surrounding Park Meadows Mall have continually performed extremely well, with an average two percent vacancy rate over the past five years and current rental rates averaging $21.85 per square foot.
  • Ease of Management:  The retail property for sale houses only four tenants, providing investors with limited management duties.

For more information on this commercial property for sale or other available retail properties in Colorado, please contact Chad Murray in HFF’s Denver office. Click here for our real estate investment sales search page.

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