589 S Hover St
Longmont, CO 80501
Lykins Center Shops | 100% Occupied · Retail Property For Sale

The subject property is ideally located at the signalized, hard corner intersection of Hover Street, and Nelson Road (59,000 combined VPD) with multiple ingress/egress points. Lykins Center Shops is located within the primary retail corridor of Longmont. King Soopers, the dominant grocer in the region, along with At Home is located directly across the street from the asset. The Village at the Peaks, a 480,000 SF lifestyle center comprising of high-traffic, high-visibility retail space is anchored by Sam’s Club, Whole Foods, and Gold’s gym is 0.5 miles from the subject property. In addition to Village at the Peaks, other national/credit tenants in the trade area includes PetSmart, Kohl’s, Petco, Bed Bath & Beyond, Safeway, and more. The city of Longmont is just 36 miles outside of Denver and 19 miles away from Boulder, which gives residents the ability to quickly access the nearby major metropolitans. Longmont also houses major tech firms including Seagate (10.7 billion in revenue), DigitalGlobe (702 million in revenue), Micron Technology (20.3 billion in revenue), Xilinx and more, demonstrating that Longmont (Gig City) is an up and coming tech/start-up hub with its citywide symmetrical gigabit internet service (without data caps). Other nearby national/credit employers include: Amgen, General Electric, Tetra Tech, Honeybee Robotics, Johnson Controls, Digital Globe, and McLane (Berkshire Hathaway subsidiary). The 5-mile trade area is supported by a dense population of more than 105,000 residents with an affluent average household income of over $96,700. In addition, a daytime population of 94,800 supports the trade area.