150 S Union Blvd
Lakewood, CO 80228
Union Court · Retail Property For Sale

Union Court is a 6,580 sq ft retail center built in 2000 sitting on a 0.63 acre site and currently leased to four tenants. Stable tenancy with limited turnover over the twenty year period with current ownership (two tenant turns in 20 years). The retail center has four successful, busy food service tenants: Mad Greens (salads), Anthony's Pizza, Hana Matsuri II Sushi, and Wolf+Wildflower (coffee/wine). All are on five year NNN leases offering a reliable and durable income stream. 2027 NOI of $239,654. The Union Blvd corridor is a major commercial corridor in the West Denver area with both significant daytime population and significant residential population. Traffic is spurred on by the Denver Federal Center and St Anthony Hospital and medical campus both just a few blocks away. Directly across the street and around the corner are three newer multi family buildings with a total of 973 apartment homes. The Union Blvd commercial corridor contains over 4 million square feet of commercial space. The Federal Center light rail stop is also just a few blocks away - one of eleven light rail stations in the West Denver area. Offered at a competitive cap rate with a strategic lease term schedule and no leases expiring in the next two years. The trade area benefits from both a strong daytime and evening population driving customers to the center mornings, afternoons, and evenings, seven days a week. The site offers favorable zoning for future development potential. Strong demographics. Newer roof (2019).