Ken Caryl Retail Center 12652 W Ken Caryl Ave 10,000 SF 100% Leased Retail Building Littleton, CO 80127 $4,500,000 ($450/SF) 6.35% Cap Rate

CBRE National Retail Partners – Mountain is pleased to offer the opportunity to acquire Ken Caryl Retail Center ("The Property"), an unanchored strip center along Ken Caryl Avenue in Littleton, Colorado (Denver MSA).
The Property consists of 10,000-square feet that are 100% triple-net leased to local food & beverage, health & wellness and service tenancies: Ken Caryl Kabob, Formation LifeStyle, Pho 92, USA Cleaners and Izumi Sushi Restaurant.
Ken Caryl Retail Center offers long-term leases with contractual rent increases in a densely populated and highly affluent trade area of the Denver MSA with a population over 62,000 and average household incomes of $167,768 within a 3-mile radius. The Property is ideally positioned off at the intersection of West Ken Caryl Avenue and Shaffer Parkway. This strategic location is just a half-block from Highway-470, a circular beltway around the perimeter of the Denver metro area with daily traffic counts over 60,000, offering convenient access to the Southwest Denver suburban communities, mountain destinations and the entire metro area. The Property meets all the necessary fundamentals of a viable retail destination and benefits from the synergy and crossover traffic with surrounding retailers, including grocers Safeway and King Soopers.
Ken Caryl Retail Center is being offered free and clear of existing debt on an "as-is, where-is" basis.