1371 Sculptor Dr
Loveland, CO 80537
First Technology Federal Credit Union · Retail Property For Sale

The subject property is centrally located with excellent visibility at the junction of Eisenhower Blvd/Interstate 34 (40,500 AADT) and Mountain Lion Drive within a thriving and affluent retail corridor. The site benefits from strong demographics in a growing community with a population of 84,908 within a five mile radius and an annual growth rate of 5.15% immediately surrounding the site since 2010. Growth in the area is projected to remain strong, with an anticipated annual rate of 2.36% through 2022. Average household income within five miles of the site exceeds $81,780, and more than a quarter of the surrounding population makes $100,000 or more annually. Loveland, Colorado (population 76,897) is the second most populous city in Larimer County and the 14th most populous city in the state of Colorado. Loveland is a principal city in the Fort Collins-Loveland Metropolitan Statistical Area and is the 4th fastest growing city in the state. In 2014, Sunset Magazine ranked Loveland one of the best places to live in the west. The city of Loveland recently entered into a 25-year, $360 million public-private partnership to improve the city’s infrastructure and draw new businesses to the city with turnkey and build-to-suit commercial and industrial sites. Situated at the heart of the Colorado “Higher Education Triangle,” Loveland benefits from a highly educated workforce, drawing from the University of Northern Colorado, Colorado State University, the University of Colorado at Boulder, and a satellite campus of Aims Community College located in the town. The region benefits from a diverse economic base, including advanced manufacturing, aerospace and aviation, bioscience, food and agriculture, information technology, and more. Loveland additionally benefits from a strong high-tech presence in the area; major high-tech employers in the region include Hewlett-Packard, Qualfon, Hach Company, Avago Technologies, Intel, CA Technologies, IHS Inc., AMD, and more. In 2013, the Loveland area was ranked second nationwide in high-tech startup density by the Kauffman Foundation. The Northern Colorado region is home to numerous startup incubators and other programs designed to foster entrepreneurship, especially in the high-tech arena. Major recent developments in Loveland include a $60 million mixed-use redevelopment of nearly 3 blocks of the city’s downtown which will result in 155 new residential units, a five-screen movie theater, and large community plaza. Phase two of the project will also include a 53,000 square foot hotel space. In addition, construction is expected to begin in late 2017 of a 930,000+ square foot, $572 million, high-end mixed use master planned shopping center development. The site will include two hotels, office space, retail, 825 luxury apartments, and an IMAX movie theater. The city of Loveland unanimously approved a $258 million finance package to incentivize development of the project within city limits. Other recent developments include a retail center anchored by a newly built Scheel’s sporting goods store, billed as “the Disneyland of sporting goods,” opening in late 2017, which will feature a 65-foot indoor Ferris wheel, 160,000 gallon saltwater aquarium, and 95 specialty stores stocking more than 2.2 million pieces of inventory annually. When the center is complete, it will comprise more than 900,000 square feet of new retail space within the city. In addition, plans are underway for a $10 million redevelopment a historic mill ravaged by fire and tornado, which will be transformed into retail and office space.