18551 E Mainstreet
Parker, CO 80134
Twenty Mile Mercantile · Retail Property For Sale

This beautiful two story multi-tenant retail building was constructed in 2005 and is occupied by both national tenants and successful local tenants with only two spaces remaining vacant. The property lies within the Twenty Mile Village Planned Development on the corner of Mainstreet and Twenty Mile Road in Parker, just two blocks east of Parker Road (State Highway 83) and is appropriately zoned for retail and office use. The current NOI for the property is $345,309.00 with a projected Proforma NOI of $444,297.46 based on the current lease rates and operating expenses. The building is well maintained and readily identified as a “landmark property” in Parker. Twenty Mile Mercantile is a Class A property and is currently 83% occupied with strong leases and a new long-term tenant. Strong anchored tenants Remax Alliance and Core Power Yoga recently renewed their leases, and Core Power Yoga recently expanded their space. Each of the tenants are successful and prosperous in their locations in the building. The superior location of the property is one of its greatest assets. Located on busy Mainstreet in the west end of downtown Parker, the property enjoys strong traffic counts, excellent exposure and great visibility. With the new Watermark on Mainstreet apartment complex recently completed immediately across Mainstreet (306 higher end apartments), a new Culver’s restaurant adjacent to the south and an AMC Theater immediately to the north, the building and its tenants are well supported by the local economy and pedestrian traffic.