Dominant Retail Center for Sale Near Denver

Update:  This property is no longer available. Please visit our Property Search page for a current listing of available Denver-area retail properties for sale.

Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is offering qualified investors the opportunity to acquire Towne Center at Brookhill, a 302,641-square-foot, market-leading retail center in the burgeoning Denver suburb of Westminster, Colorado. The retail center is 95.2 percent leased with an average tenant tenure of 14.6 years, offering investors the opportunity to acquire a best-in-class, dominant neighborhood retail center with income stability from diverse national credit and regional tenants. There is additional upside to be captured through marking tenants to market, repositioning existing space and the spinoff of up to six outparcels for accretive cap rates.

Towne Center at Brookhill is situated on 35.9 acres at the cross-hairs of Westminster’s most dominant arterials and less than half a mile west of the six million-square-foot Downtown Westminster redevelopment. The retail center is anchored by a diverse mix of leading national and regional retail, fitness, entertainment, service and food tenants offering consumers a complete, destination shopping experience. The property is shadow anchored by Home Depot, the No. 1 home improvement retailer in the United States.

Retail for Sale — Investment Highlights

• Stable Cash Flow with Tenured Tenancy:  The 95.2-percent-occupied property provides stable, low-risk cash flow with 75 percent of the GLA occupied by national tenants.
• A+ Location:  Located at the cross-hairs of Westminster’s most dominant arterials, the property is situated in the heart of the Westminster trade area and less than half a mile west of the six million-square-foot Downtown Westminster redevelopment.
• Value Creation Opportunities:  Several value creation opportunities exist, including repositioning of existing space, selling off of six outparcels and the potential long-term site repositioning as the trade area evolves.
• Dense and Affluent Demographics:  More than 300,000 residents earning an average annual household income exceeding $88,000 live within a five-mile radius of the retail property for sale.
• Recent Capital Improvements:  The center has undergone several capital improvements that include the recent construction of a new, 100-percent-occupied strip center, three monument signs, façade upgrades, landscaping and more than 100,000 square feet of leasing and tenant improvements.
• Phenomenal Access and Visibility:  Towne Center at Brookhill is visible to more than 64,000 vehicles per day, and the center has four major ingress/egress points as well as four fully lit intersections.
• Synergistic Tenant Mix:  The retail center for sale offers the best of soft and hard goods, fitness, food, entertainment and service based concepts driving consistent traffic to the center.
• Exceptional Tenant Retention Provides Security to the Offering:  Tenants have solidified their position in the market with an average tenant tenure of 14.6 years.

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