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27152 Main St 65,800 SF 100% Leased 4-Star Retail Building Conifer, CO 80433 $16,283,000 ($247.46/SF) 6.50% Cap Rate

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Investment Highlights

Prime Asset in Affluent Colorado Mountain Town | High-Performing Grocery Store | Extremely Limited Competition
2023 Renovations & Expansion
Direct Consumer Base | Six-Figure Incomes | Proximity to Denver | Strong Demographics in 5-Mile Trade Area

Over 6 Years WALT with 9 (5-Year) Options | Corporate Signed, NNN Leases | Limited Landlord Responsibilities | Well-Known & Established Brand
Centrally Located off U.S. Highway 285 (22,000 VPD) | Conifer Town Center | Primary Retail Corridor | Nearby School

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire two corporate signed (NYSE: ACI) Safeway investment properties located in Conifer, Colorado, an affluent mountain community located 40 minutes from Denver. The offering consists of a 65,000 SF Safeway grocery store (fee simple ownership), and a 1.19-acre gas station fuel pad (ground lease). The tenant recently exercised their first renewal options in both leases and now has over six years remaining on the current lease terms, with nine (9) remaining five-year options to extend. Both leases are structured as NNN with corporate signatures, offering a stable, low-management investment opportunity ideal for passive investors. Founded in 1915, Safeway is a leading American supermarket chain, and currently operates as a banner of Albertsons Companies (NYSE: ACI). In 2023, the grocery store underwent renovations and integrated the adjoining liquor store, now rebranded under the Safeway name, enhancing the overall customer experience. The Safeway at Conifer Town Center ranks in the top 15% of grocery stores in the state by foot traffic, per Placer.ai. With the next closest Safeway located more than 8 miles away, and significant barriers to entry for new development in the trade area, the site benefits from extremely limited competition.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Supermarket

Building Size

65,800 SF

Building Class

LoopNet Rating

4 Star

Year Built

2006

Price

$16,283,000

Price Per SF

$247.46

Cap Rate

6.50%

NOI

$1,058,417

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Loading Docks

3 Exterior

Building FAR

0.11

Lot Size

13.58 AC

Zoning

P-D - Planned Development

Parking

440 Spaces (6.69 Spaces per 1,000 SF Leased)

Frontage

339’ on Main St

Dedicated Turn Lane

Freeway Visibility

Signage

Retailer
99,999 SF
-
Lorem Ipsum
Jan 0000

Safeway is a U.S. supermarket brand operating as part of Albertsons Companies, one of the nation’s largest food and drug retailers. Founded in 1939, Albertsons serves as Safeway’s parent organization, supporting a broad retail network across numerous states. Safeway stores offer grocery products, pharmacy services, and general merchandise through both in-store and online channels. The brand maintains a significant presence in the national retail landscape through integration with Albertsons’ operational systems and distribution infrastructure. Safeway’s activities include community-focused initiatives connected to hunger relief, education, and health-related causes. As part of a publicly traded parent organization, Safeway is linked to Albertsons Companies’ NYSE: ACI listing. The brand continues to contribute to Albertsons’ multiformat retail strategy, which includes supermarkets and combination food and drug stores.

Safeway Gas Station
Mining, Quarrying, and Oil and Gas Extraction
99,999 SF
-
Lorem Ipsum
Jan 0000

Tenant	Industry	SF Occupied	Rent/SF	Lease Type	Lease End
	Retailer	99,999 SF	-	Lorem Ipsum	Jan 0000
Safeway Gas Station	Mining, Quarrying, and Oil and Gas Extraction	99,999 SF	-	Lorem Ipsum	Jan 0000