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.