8601 Sheridan Blvd - Freestanding FOR SALE


Westminster, CO 80003- Downtown Westminster
$11,000,000 USD
207-776-0232
8601 Sheridan Blvd, Westminster, CO for Sale
$11,000,000 USD
Freestanding - FOR SALE
1/12
null | 6.4% Cap Rate

8601 Sheridan Blvd
Westminster, CO 80003
Downtown Westminster


HIGHLIGHTS

  • 100% leased by three tenants, all exercised early renewals
  • Shadow anchored by Lowe’s
  • Exceptional rent roll stability, with all tenants operating at the center for an average of 17.3 years, with a remaining WALT of 8.8 years
  • Low NNN expenses, enhancing tenant retention and long-term investment performance
  • Robust traffic counts with 45,000+ VPD on Sheridan Blvd and 143,000+ VPD along Highway 36
  • Well-maintained property with consistent upkeep and capital investment

OVERVIEW

Pinnacle Real Estate Advisors is pleased to present to announce it has been retained as the exclusive marketing agent for a compelling retail investment opportunity located at 8601 Sheridan Boulevard in Westminster, Colorado. This offering provides qualified investors the opportunity to acquire a well-positioned asset in one of Metro Denver’s fastest-growing suburban markets. The property benefits from adjacency to one of the largest transit-oriented developments in Colorado and generates strong in-place cash flow, making it a highly attractive investment in today’s market. Below-market rents and low NNN expenses contribute to exceptional tenant retention, with a weighted average lease term of 8.8 years and an average tenant tenure of 17.3 years, underscoring the stability of the income stream.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.29 AC

LAND SF

274,210 SF

ZONING

C-1

APN/PARCEL ID

29-251-01-002

ASK ABOUT THIS PROPERTY

Peter SengelmannPinnacle Real Estate AdvisorsMore Info
207-776-0232

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Peter SengelmannPinnacle Real Estate AdvisorsMore Info
207-776-0232

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