5350 S Santa Fe Dr - Restaurant FOR SALE


Littleton, CO 80120- Downtown Littleton
$6,640,000 USD
720-528-6308
5350 S Santa Fe Dr, Littleton, CO for Sale
$6,640,000 USD
Restaurant - FOR SALE
1/6
null | 6.7% Cap Rate

5350 S Santa Fe Dr
Littleton, CO 80120
Downtown Littleton


HIGHLIGHTS

  • Long Term Historical Occupancy - Over 48% of the GLA has occupied the center for 10+years
  • Exceptional Tenant Mix with Attractive Net Lease Structures - 100% NNN leased with contractual rent increases
  • Irreplaceable Real Estate Fundamentals - Located in Downtown Littleton, a mature high barrier to entry submarket
  • Direct Connectivity - Access to Downtown Denver and Denver Tech Center with exposure to over 70,000+ VPD

OVERVIEW

CBRE National Retail Partners – Mountain is pleased to offer the opportunity to acquire The Shops at Riverbend ("The Property"), an unanchored multi-tenant retail center located in the heart of Littleton, Colorado (Denver MSA). The 16,224 SF Property is 100% triple-net leased to a dynamic mix of food & beverage and financial service based tenancies and features stabilized income with future rent growth. The Shops at Riverbend is ideally positioned at the signalized intersection of South Santa Fe Drive, a major north-south arterial in Denver, and South Prince Street with combined drive by exposure to over 71,000 vehicles per day. Population densities within a 3-mile radius of the property feature more than 95,561 residents with $137,193 average household incomes. The Property is additionally located adjacent to Historic Downtown Littleton, a vibrant community hub for events, specialty shops and unique restaurants. The location meets all the necessary fundamentals of a viable retail destination and benefits from the premier visibility and traffic volumes at the intersection with synergy to surrounding retailers. The Shops at Riverbend is being offered free and clear of existing debt and provides investors the rare opportunity to acquire a core profile retail asset in Denver MSA.

FOR SALE DETAILS

PRICE

$6,640,000 USD

PRICE/SF

$409 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shops At Riverbend

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

89

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

B-2, Littleton

APN/PARCEL ID

2077-17-1-36-001

ASK ABOUT THIS PROPERTY

Matt HenrichsCBRE, Inc.More Info
720-528-6308

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Matt HenrichsCBRE, Inc.More Info
720-528-6308

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