27152 Main St - Supermarket FOR SALE
Conifer, CO 80433 |
27152 Main St
Conifer, CO 80433
HIGHLIGHTS
- Portfolio consisting of a 65,000-square-foot Safeway grocery store (fee simple ownership) and a 1.19-acre gas station fuel pad (ground lease).
- Low-responsibility NNN leases and future CapEx mitigated by a 2023 renovation of the Safeway, which integrated it with the adjoining liquor store.
- Over six years WALT with nine (five-year) options to extend and built-in escalations, backed by Safeway’s parent, Albertsons Companies (NYSE: ACI).
- Strong direct consumer base within a 5-mile radius, boasting an average annual household income of $182,576, with few competing grocers nearby.
- Conifer is a popular recreation destination 40 min from Denver; this high-visibility center maximizes exposure to travelers on Hwy 285 (22,000 VPD).
- Conveniently accessible for locals on the town’s main road with Conifer Senior High School and multiple national brands nearby, increasing co-traffic.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Safeway | Grocery & Gas
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
ADD'L SUBTYPES
Freestanding, Storefront
TOTAL BUILDING SIZE
65800
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
440
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
61-144-01-027
