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10160 W 50th Ave 14,400 SF 100% Leased Retail Building Wheat Ridge, CO 80033 $5,000,000 ($347.22/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Modern Façade & Tenant Signage: Updated storefronts and monument signage create a polished retail presence.
- Proximity to Major Retailers: Surrounded by national tenants such as Target, Walmart, and Home Depot driving consistent traffic.
- Efficient Site Layout: Thoughtful circulation design allows easy ingress/egress from both major cross streets.
- Growing Submarket: Benefiting from ongoing residential and commercial development in the corridor.
EXECUTIVE SUMMARY
Blue Grass Commons Shopping Center at 10160 W. 50th Ave. in Wheat Ridge offers a strong investment opportunity in a well-established retail corridor. This multi-tenant retail center is strategically positioned with excellent visibility, steady traffic counts, and close proximity to I-70, making it a high-demand location for a variety of service-oriented and retail tenants.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
14,400 SF
Building Class
B
Year Built
2005
Price
$5,000,000
Price Per SF
$347.22
Cap Rate
6%
NOI
$300,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.89 AC
Opportunity Zone
Yes
Parking
75 Spaces (5.2 Spaces per 1,000 SF Leased)
Frontage
356’ on W 50th Ave
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 39-164-04-003 | Improvements Assessment | $762,841 |
| Land Assessment | $504,433 | Total Assessment | $1,267,274 |
PROPERTY TAXES
Parcel Number
39-164-04-003
Land Assessment
$504,433
Improvements Assessment
$762,841
Total Assessment
$1,267,274
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Presented by
Avenew Realty LLC
10160 W 50th Ave
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