Below Replacement Cost
Several of the tenants at the center are paying below-market rents, allowing the next investor to increase rents as tenants roll. Additionally, the property is being offered at $137 PSF
Strong Tenant Demand & Retention
Over the past 36-month period ownership has secured new leases and lease renewals for the center totaling 49.86% of GLA. Signifying the strength of the asset within the market
Exceptional Demographics
The asset is located in a densely populated trade area with over 405,000 residents within a 5-mile radius, positioning Aurora as one of the strongest retail markets within the Denver MSA. According to Placer.ai data (see page 12), several national retailers in the Aurora market rank among the top-performing locations nationwide, highlighting the area’s strong consumer demand and retail fundamentals
Cap-Ex Investment
Significant capital improvements invested by current ownership, including new pylon signage, Parking Lot Improvements, New HVAC Units, and replacement of a significant portion of the roof
Location, Location, Location!
Strong retail corridor of Aurora, CO, with 2.8% vacancy rate and over 8 million square feet of retail. The asset is located adjacent to Town Center Mall, the most visited regional mall (7.6M annual visits) within the state of Colorado
Retail Hot Spot
Surrounded by national retailers: Walmart, Sam’s Club, Home Depot, Target, Best Buy, In-N-Out Burger, and more