Shops at Pueblo West/High Yield NNN Inv. 279 S Purcell Blvd 23,276 SF 100% Leased Retail Building Pueblo West, CO 81007 $5,772,000 ($247.98/SF) 7% Cap Rate

COLORADO BROKER OF RECORD ... JULIE McBREARTY ... License No. FA1000441441
Faris Lee Investments is pleased to present the opportunity to acquire Shops at Pueblo West, a stabilized, high-yield five-tenant retail investment located in the rapidly expanding community of Pueblo West, Colorado. This offering provides an investor with an attractive 7.00% Cap Rate and a secure income stream derived from a synergistic, 100% internet-resistant tenant mix. Offered at just $248 PSF, the asset is priced significantly below estimated replacement costs, providing the investor with immediate intrinsic value and a safe basis in a high-quality physical asset relative to today’s construction pricing.
The property is currently 94% leased to a curated lineup of service-based businesses—including Fitness, Physical Therapy, and Wellness operators—that require an in-person customer presence, effectively “Amazon-proofing” the asset against e-commerce competition. The tenant roster is anchored by the property’s largest tenant, Snap Fitness, which recently executed a new 5-year lease renewal. This commitment is complemented by a brand-new lease with Fyzical Therapy & Balance Centers, backed by a Corporate Guaranty, further solidifying the center’s income stability and long-term leasing momentum.
Structured as a passive investment, the tenants operate under NNN leases, reimbursing their pro-rata share of property taxes, insurance, and common area maintenance. This structure minimizes landlord responsibilities and expense leakage while creating an inflation-protected income stream. This offering includes the Fee Simple interest in both the land and the building. This ownership structure provides tangible real estate value and allows the investor to potentially utilize cost segregation strategies to accelerate depreciation and enhance after-tax yields.
Strategically positioned at the high-traffic interchange of US Hwy 50 and Purcell Blvd, the property benefits from excellent visibility and exposure to combined traffic counts of over 51,000 vehicles per day. The site serves as a vital community gateway for the affluent residential base, which boasts an average household income of $110,305 within a 3-mile radius. The asset further benefits from the massive cross-shopping traffic generated by the nearby Safeway-anchored Pueblo West Marketplace (2.3 million annual visits per Placer.ai) and high-performing neighbors like Scooter’s Coffee (Ranked #1 in visits in Colorado per Placer.ai), ensuring long-term tenant demand in Southern Colorado’s fastest-growing residential hub.
This rare combination of dominant retail synergy, affluent demographics, and high-yield passive structure positions Shops at Pueblo West as a premier investment opportunity.