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Pueblo West Safeway 1017 N Market Plz 56,280 SF 100% Leased Retail Building Pueblo, CO 81007 $9,384,000 ($166.74/SF) 5.25% Cap Rate



Investment Highlights
- Strong Commitment to Site; Long Term Occupancy for Nearly 25 Years
- High Performing Location; Top 10% in Customer Visits in Grocery Category Nationwide; Top 5 Ranked in State of Colorado
- Limited Supermarket Competition with the Closest Walmart 3 Miles Away and the Closest Albertsons Over 5 Miles Away
- Recently Executed Early 5-Year Renewal Option
- Situated Within Pueblo West Metropolitan District Which is the Fastest Growing Community in Southern Colorado
- Multiple Access Points and Visibility Along Hwy 50 Which Has Daily Traffic Counts Exceeding 40,860 Vehicles
Executive Summary
Introducing SAFEWAY, a lucrative investment opportunity at 1017 Market Plaza, Pueblo, CO 81007. This high-performing grocery location boasts a 25-year occupancy commitment, with the anchor tenant Safeway recently renewing for an additional 5 years. Situated in the rapidly growing Pueblo West Metropolitan District, the property sees limited competition, ensuring a strong market presence. The prime placement at a signalized intersection, coupled with close proximity to major retailers and a medical center, enhances visibility and customer traffic. With a net operating income of $492,660 and a 5.25% cap rate, this property offers a solid return on investment. Safeway, a subsidiary of Albertsons, a prominent player in the food retail industry, has yearly sales exceeding $40 million. The property's strategic location, high sales volume, and favorable lease terms make it a promising asset in a thriving community. Don't miss this chance to add SAFEWAY to your portfolio and capitalize on this stable, long-term investment opportunity in Colorado.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
56,280 SF
Building Class
B
Year Built
2000
Price
$9,384,000
Price Per SF
$166.74
Cap Rate
5.25%
NOI
$492,660
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
5.60 AC
Zoning
B-4
Frontage
243,936’ on Market Plz
Nearby Major Retailers
Property Taxes
| Parcel Number | 0-5-07-1-05-008 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $884,280 |
Property Taxes
Parcel Number
0-5-07-1-05-008
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$884,280
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Pueblo West Safeway | 1017 N Market Plz
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