1721-1877 S Pueblo Blvd - Retail FOR SALE


Pueblo, CO 81005
$14,800,000 USD
720-528-6308
1721-1877 S Pueblo Blvd, Pueblo, CO for Sale
$14,800,000 USD
Retail - FOR SALE
1/7
null | 7.98% Cap Rate

1721-1877 S Pueblo Blvd
Pueblo, CO 81005


HIGHLIGHTS

  • INFILL LOCATION WITH HIGH BARRIER TO ENTRY REAL ESTATE FUNDAMENTALS
  • STABILIZED CASH FLOW WITH RENT GROWTH ENHANCEMENT OPPORTUNITY
  • STRENGTH OF TOP-TIER NATIONAL TENANCY IN DOMINANT CENTER IN TRADE AREA

OVERVIEW

CBRE, Inc. is pleased to exclusively offer the opportunity to acquire Regency Square (the “Property”), a 119,780-square foot multi-tenant retail shopping center located in Pueblo, Colorado. The Property, which is positioned on ± 12.03 acres of land, is currently 93.0% leased to a variety of service-based and e-commerce resistant tenants. Anchor tenants include Dollar Tree (NASDAQ: DLTR), Ross Dress for Less (NASDAQ: ROST), Oak Street Health (NYSE: OSH) and Harbor Freight Tools. The Property is positioned at the signalized intersection of Pueblo Boulevard and Northern Avenue, a highly-trafficked retail trade area that features average daily traffic counts in excess of 42,000. The intersection is home to a variety of local, regional and national retailers such as Walmart Supercenter, Applebee’s, McDonald’s, Taco Bell and U.S. Bank. Regency Square provides an incoming investor with the opportunity to acquire a dominant asset with unrivaled property level fundamentals along the Colorado Front Range.

FOR SALE DETAILS

PRICE

$14,800,000 USD

PRICE/SF

$233 USD /SF

CAP RATE

7.98%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

318

LAND DETAILS

LAND ACRES

7.54 AC

LAND SF

328,657 SF

ZONING

B4: COMM/RE

APN/PARCEL ID

1-5-09-1-20-003,1-5-09-4-72-002

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.