27152 Main St - Supermarket FOR SALE


Conifer, CO 80433
$17,640,000 USD
480-221-4221
27152 Main St, Conifer, CO for Sale
$17,640,000 USD
Supermarket - FOR SALE
1/9
null | 6% Cap Rate

27152 Main St
Conifer, CO 80433


HIGHLIGHTS

  • Prime Asset in Affluent Colorado Mountain Town | High-Performing Grocery Store | Extremely Limited Competition
  • Over 6 Years WALT with 9 (5-Year) Options | Corporate Signed, NNN Leases | Limited Landlord Responsibilities | Well-Known & Established Brand
  • 2023 Renovations & Expansion
  • Centrally Located off U.S. Highway 285 (22,000 VPD) | Conifer Town Center | Primary Retail Corridor | Nearby School
  • Direct Consumer Base | Six-Figure Incomes | Proximity to Denver | Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire two corporate signed (NYSE: ACI) Safeway investment properties located in Conifer, Colorado, an affluent mountain community located 40 minutes from Denver. The offering consists of a 65,000 SF Safeway grocery store (fee simple ownership), and a 1.19-acre gas station fuel pad (ground lease). The tenant recently exercised their first renewal options in both leases and now has over six years remaining on the current lease terms, with nine (9) remaining five-year options to extend. Both leases are structured as NNN with corporate signatures, offering a stable, low-management investment opportunity ideal for passive investors. Founded in 1915, Safeway is a leading American supermarket chain, and currently operates as a banner of Albertsons Companies (NYSE: ACI). In 2023, the grocery store underwent renovations and integrated the adjoining liquor store, now rebranded under the Safeway name, enhancing the overall customer experience. The Safeway at Conifer Town Center ranks in the top 15% of Safeway locations in the state by foot traffic, per Placer.ai. With the next closest Safeway located more than 8 miles away, and significant barriers to entry for new development in the trade area, the site benefits from extremely limited competition.

FOR SALE DETAILS

PRICE

$17,640,000 USD

PRICE/SF

$271 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Safeway | Grocery & Gas

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

440

LAND DETAILS

LAND ACRES

13.58 AC

LAND SF

591,545 SF

ZONING

P-D

APN/PARCEL ID

61-144-01-002,61-144-01-027,61-144-01-029

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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