3095 S Peoria St - Retail FOR SALE


Aurora, CO 80014- Dam East/West
$6,650,000 USD
303-328-2030
3095 S Peoria St, Aurora, CO for Sale
$6,650,000 USD
Retail - FOR SALE
1/6
null | 6.38% Cap Rate

3095 S Peoria St
Aurora, CO 80014
Dam East/West


HIGHLIGHTS

  • AVERAGE SUITE SIZE OF 1,879 SQUARE FEET
  • EMBEDDED CONTRACUAL GROWTH, FUTURE RENTAL UPSIDE
  • OVER 500 RESIDENTIAL UNITS WERE EITHER RECENTLY DEVELOPED OR ARE PLANNED AT THIS INTERSECTION
  • DIVERSIFIED, BRANDED TENANT MIX
  • NINE MILE STATION IS RECOGNIZED BY THE CITY OF AURORA AS AN EMERGING URBAN CENTER

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,650,000 USD

PRICE/SF

$390 USD /SF

CAP RATE

6.38%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eastridge Plaza I

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

B-3, Aurora

APN/PARCEL ID

1973-35-1-11-003

ASK ABOUT THIS PROPERTY

Ryan BowlbyMarcus & MillichapMore Info
303-328-2030

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Ryan BowlbyMarcus & MillichapMore Info
303-328-2030

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