The Boulder Group is pleased to exclusively market for sale a single tenant net leased Red White & Blue Thrift (“RWB Thrift”) property positioned within the Denver MSA in Arvada, Colorado. RWB Thrift recently signed a 10-year lease at this location and opened for business in February 2025. The lease features rental escalations throughout the primary term beginning in year 3. The lease features four 5-year renewal options and a corporate guaranty.
RWB Thrift has a successful 40+ year operating history selling a wide selection of second-hand good in its stores, including clothing, shoes, linens, jewelry, accessories, electronics, furniture, and other consumer products. In 2021, Endeavour invested in RWB Thrift to support the company in its next stage of growth including existing and new store expansion. Endeavour has a string track record of investing in family and founder-owned businesses in the West and Southwestern United States with long-term investment horizons and lower use of debt when compared to traditional private equity firms.
The 27,521 square-foot building benefits from its position within King Square Shopping Center. The shopping center is located along Sheridan Boulevard which experiences over 43,000 vehicles per day and leads south to Denver. King Soopers (Kroger) is the anchor tenant in King Square and neighboring tenants include Chase Bank, Pet Supplies Plus, Ferguson Plumbing Supply, Dutch Bros, Taco Bell, 7-Eleven, and Burger King. King Square Shopping Center features multiple signalized entrances along Sheridan Blvd and 80th Ave. The property is also within proximity to the Denver-Boulder Turnpike (138,000 VPD). This is a densely populated area with over 336,000 people living within a five-mile radius. The area also features a six-figure average household income within the same radius, ($106,580). Downtown Denver is located less than a 20-minute drive south of the subject.
Red White and Blue Thrift, founded in 1984, is a prominent thrift store chain operating across the United States, offering a diverse range of high-quality, gently used merchandise at affordable prices. With a commitment to sustainability and community impact from its inception, the company has grown from a single store to 35 locations across 11 states, becoming a leader in the thrift retail sector.