15470 Andrews Dr - Storefront FOR SALE


Denver, CO 80239- Gateway
$5,500,000 USD
970-412-8245
15470 Andrews Dr, Denver, CO for Sale
$5,500,000 USD
Storefront - FOR SALE
1/7
null | 6.5% Cap Rate

15470 Andrews Dr
Denver, CO 80239
Gateway


HIGHLIGHTS

  • High Visibility Location - Hard corner intersection of East 40th Avenue and Chambers Road (~ 50,700 VPD) and .25 miles from I-70.
  • Exceptional Tenant Mix - 100% leased with service tenancy mix (food and beverage, personal care, and convenience retail).
  • Long-Term Occupancy History - Weighted-average historical occupancy of more than 22 years and the property has not had a vacancy in nearly 15 years.

OVERVIEW

Marketing Description: CBRE National Retail Partners – Mountain is pleased to offer the opportunity to acquire Shops at Gateway Park ("The Property"), an unanchored strip center located at a hard-corner, signalized intersection in the 1,200-acre Gateway Park multiuse development near Denver International Airport in Denver, Colorado. The 11,764-square foot retail center is currently 100% triple-net leased to national and local tenants with long-term leases that feature annual increases and a rent roll that is bolstered by Qdoba, Subway, & Pizza Hut. The Shops at Gateway Park, which has not incurred a vacancy in nearly 15 years, is located at the hard-corner, signalized intersection of Chambers Road and 40th Avenue near Interstate-70. The Property and its tenants benefit from traffic counts that exceed 50,700 vehicles per day and 113,400 residents with average household incomes in excess of $103,700 in a three-mile radius. Notable retailers in the immediate trade area include Starbucks, Walmart, Taco Bell, and Circle K in addition to a number of residential communities and hotels that service travelers to and from nearby Denver International Airport. Shops at Gateway Park is being offered free and clear of existing debt on an "as-is, where-is" basis.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$458 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Shops at Gateway Park

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

77

LAND DETAILS

LAND ACRES

2.01 AC

LAND SF

87,556 SF

ZONING

G-TW

APN/PARCEL ID

0203-01-006

ASK ABOUT THIS PROPERTY

Matt HenrichsCBRE, Inc.More Info
970-412-8245

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Matt HenrichsCBRE, Inc.More Info
970-412-8245

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