5000 92Nd Ave, Westminster, CO 80031

37,215 SF | 74% Leased | Retail Building | Westminster, CO 80031 | $8,995,000 ($242/SF) | 6.48% Cap Rate

Asking Price $8,995,000

Property Type
Retail, Restaurant
Square Feet
37,215 SF
Price / Square Foot
$242

Listing Contacts

John Redfield
John Redfield
Joe Chichester
Joe Chichester
Kyle Zimmer
Kyle Zimmer
  • Property Info

Property Overview

SRS Investment Properties Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in Northview Shopping Center, a 37,215 SF, grocery shadow anchored, value-add investment opportunity located in Westminster, CO (Denver MSA). The property is currently 87% occupied with a diverse mix of medical, restaurant, retail, and daily needs tenants. All current tenants operate on NNN leases, reimbursing for their share of taxes, insurance, and CAM, limiting expense leakage for a new investor. Additionally, 14 of the 16 current tenants are paying below market rent, providing a unique opportunity to acquire a property with significant value-add potential within the Denver MSA, a thriving retail market.

Property Details

Class
B
Year Built
1985
Stories
1
Property Subtype
Freestanding, Storefront
Lot Size (sq. ft)
164,221 SF

Highlights

  • 37,215 SF shopping center shadow anchored by H Mart
  • Attractive opportunity to acquire an asset with significant value-add potential by bringing current rents to market
  • Positioned within a dense retail corridor serving Westminster and Northwest Denver
  • 105-acre site equidistant from Boulder and Denver
  • Strong Demographics in 5-Mile Trade area

All available spaces

Space
1st Fl-Ste D4
Size
2,160 SF
Condition
Full Build-Out

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