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.