AVERAGE SUITE SIZE OF 1,879 SQUARE FEET
The property features nine tenants, all of which are 3,600 square feet or smaller. These tenants drive consistent traffic to the center and occupy spaces that are in high demand from a wide variety of retail and daily service providers.
EMBEDDED CONTRACUAL GROWTH, FUTURE RENTAL UPSIDE
Eight of nine leases feature annual or scheduled rent increases. Five of nine tenants either have no options remaining, or options at fair market value, allowing the owner to
mark rents to market as tenant’s leases expire.
OVER 500 RESIDENTIAL UNITS WERE EITHER RECENTLY DEVELOPED OR ARE PLANNED AT THIS INTERSECTION
340 Multi Family Units (Tempo at Nine Mile & Point Crossing) were recently developed directly across the street from the subject property. Developer has plans to add an
additional 200+ units.
DIVERSIFIED, BRANDED TENANT MIX
Anchored by a Snarfs, a regional sub-sandwich brand with over 50 locations in CO, TX, and MO, recently signed a 10-year lease. Per Placer.ai, this is the 5th busiest Snarf’s out
of 32 total locations. WingStop is operated by one of the largest WingStop franchisees with over 160 locations in CA, CO, NV, and WA.
NINE MILE STATION IS RECOGNIZED BY THE CITY OF AURORA AS AN EMERGING URBAN CENTER
This major transportation hub is one of the busiest in the state. The RTD transportation center features over 1,200 parking spaces, multiple bus lines and multiple Light Rail Lines.