12652 W Ken Caryl Ave - Freestanding FOR SALE


Littleton, CO 80127
$4,500,000 USD
720-528-6308
12652 W Ken Caryl Ave, Littleton, CO for Sale
$4,500,000 USD
Freestanding - FOR SALE
1/7
null | 6.35% Cap Rate

12652 W Ken Caryl Ave
Littleton, CO 80127


HIGHLIGHTS

  • Exceptional Tenant Mix with Attractive Net Lease Structures - 100% NNN Leased
  • Irreplaceable Real Estate Fundamentals - unanchored strip center located at the Ken Caryl exit of Highway 470, and exposure to over 90,000 VPD

OVERVIEW

CBRE National Retail Partners – Mountain is pleased to offer the opportunity to acquire Ken Caryl Retail Center ("The Property"), an unanchored strip center along Ken Caryl Avenue in Littleton, Colorado (Denver MSA). The Property consists of 10,000-square feet that are 100% triple-net leased to local food & beverage, health & wellness and service tenancies: Ken Caryl Kabob, Formation LifeStyle, Pho 92, USA Cleaners and Izumi Sushi Restaurant. Ken Caryl Retail Center offers long-term leases with contractual rent increases in a densely populated and highly affluent trade area of the Denver MSA with a population over 62,000 and average household incomes of $167,768 within a 3-mile radius. The Property is ideally positioned off at the intersection of West Ken Caryl Avenue and Shaffer Parkway. This strategic location is just a half-block from Highway-470, a circular beltway around the perimeter of the Denver metro area with daily traffic counts over 60,000, offering convenient access to the Southwest Denver suburban communities, mountain destinations and the entire metro area. The Property meets all the necessary fundamentals of a viable retail destination and benefits from the synergy and crossover traffic with surrounding retailers, including grocers Safeway and King Soopers. Ken Caryl Retail Center is being offered free and clear of existing debt on an "as-is, where-is" basis.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$450 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ken Caryl Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

P-D

APN/PARCEL ID

59-322-05-005

ASK ABOUT THIS PROPERTY

Matt HenrichsCBRE, Inc.More Info
720-528-6308

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Matt HenrichsCBRE, Inc.More Info
720-528-6308

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.