2200 E Arapahoe Rd - Bank FOR SALE


Centennial, CO 80122- West Centennial
$3,296,000 USD
720-232-9530
2200 E Arapahoe Rd, Centennial, CO for Sale
$3,296,000 USD
Bank - FOR SALE
1/4
null | 5.25% Cap Rate

2200 E Arapahoe Rd
Centennial, CO 80122
West Centennial


HIGHLIGHTS

  • Located at the intersection of S University Blvd & E Arapahoe Rd (71K+ VPD)
  • Triple-Net (NNN) ground lease with scheduled 10% rental increases
  • The Streets at SouthGlenn sees over 4.2M visitors annually (Placer.ai)
  • Outparcel to a top-performing Whole Foods (+21% Yo3Y visits)
  • Affluent demographics with average household income of $173,000 within 3 miles
  • Densely populated area with 102,668 residents and 41,086 households within 3 miles

OVERVIEW

Blue West Capital is pleased to exclusively present for sale a BMO Bank at The Streets at SouthGlenn - a single-tenant retail property in one of the Denver MSA’s most prominent lifestyle destinations. The offering is an outparcel to a dominant Whole Foods Market and is located within the #1 lifestyle center in the Denver MSA for foot traffic, with over 4.2M annual visitors (Placer.ai). The offering features a single-tenant BMO Bank operating on a Triple-Net (NNN) Ground Lease with ~3.5 years of remaining term. The lease features a corporate guarantee from Bank of Montreal, an investment-grade entity (S&P: A). The lease also features scheduled 10% rental increases every five years of the primary term and five, five-year options. Located in Centennial, CO, The Streets at SouthGlenn benefits from its proximity to major business hubs and affluent communities including Downtown Denver (12 miles), Denver Tech Center (6 miles), Highlands Ranch (5.5 miles), Greenwood Village (2.5 miles), and Cherry Hills Village (4 miles). The new SouthGlenn Master Development Plan (MDP) outlines pending residential developments that will increase the number of approved residential units in the community from 350 to 1,125, raise the maximum building height for the Sears and Macy’s parcels from 50 to 75 feet, and add 25,000 square feet of open space.

FOR SALE DETAILS

PRICE

$3,296,000 USD

PRICE/SF

$1,298 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

BMO Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

-

APN/PARCEL ID

2077-26-1-34-002

ASK ABOUT THIS PROPERTY

Thomas EthingtonBlue West Capital, LLC.More Info
720-232-9530

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Thomas EthingtonBlue West Capital, LLC.More Info
720-232-9530

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