This property is Off-Market

144th Avenue and I-25
Westminster, CO 80234 ·

5,811 SF · Retail For Sale

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Orchard Town Center

Price N/A Cap Rate 8.27%
Building Size 5,811 SF Occupancy 100%
Property Type Retail Tenancy Multiple
Property Sub-type Retail (Other) Lot Size 28,997 SF
Property Use Type Investment
Listing ID: 16163534 Date Created: 03/24/2009 Last Updated: 12/15/2009

Description

There are few places in the Denver area more strategically suited for lifestyle and big-box retail. Orchard Town Center is a 100% leased, newly constructed, multi-tenant, retail building with NNN leases providing an investor with stable cash flow and simplicity of management. Statistics indicate that the current population of the primary and secondary trade areas 515,000 people will grow to 635,000 by 2012. Adams, Weld and Boulder counties, all within 3.5 miles of The Orchard Town Center, are Denver's fastest growing with estimates showing a 58% growth by 2020 for the three counties combined.

Orchard Town Center is located at the interchange of 144th Avenue and I-25, Colorado' s most traveled freeway and the major north-south thoroughfare between New Mexico and Wyoming. The shopping center is located at one of the busiest intersections in Northern Metro Denver with more than 40,000 vehicles per day using 144th Avenue, as the major arterial running east and west through Denver' s fastest growing communities, providing the main signaled entrance into the Orchard Town Center development. The center' s highly functional site plan allows Orchard Town Center tenants outstanding visibility and access from I-25, 144th Avenue, and Huron Street.

Highlights

  • Pad-site in a master planned 983,000 SF outdoor-lifestyle-center
  • 100% occupied to strong, national credit tenants on long term leases
  • Low management, newly constructed retail with long term NNN leases
  • Extremely high growth area, trade area growing at three times the national average
  • Direct visibility for I-25, Colorado's major north-south interstate
  • New 514,000 SF, adjacent Centura Hospital development is under development

Research

144th Avenue and I-25, Westminster, CO 80234 (Adams County)

Westminster Market Trends - Asking price index trends, sale price trends, asking rent trends

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