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8601 Sheridan Blvd 71,367 SF 100% Leased Retail Building Westminster, CO 80003 $11,000,000 ($154.13/SF) 6.40% Cap Rate
Investment Highlights
- 100% leased by three tenants, all exercised early renewals
- Exceptional rent roll stability, with all tenants operating at the center for an average of 17.3 years, with a remaining WALT of 8.8 years
- Robust traffic counts with 45,000+ VPD on Sheridan Blvd and 143,000+ VPD along Highway 36
- Shadow anchored by Lowe’s
- Low NNN expenses, enhancing tenant retention and long-term investment performance
- Well-maintained property with consistent upkeep and capital investment
Executive Summary
Pinnacle Real Estate Advisors is pleased to present to announce it has been retained as the exclusive marketing agent for a compelling retail investment opportunity located at 8601 Sheridan Boulevard in Westminster, Colorado.
This offering provides qualified investors the opportunity to acquire a well-positioned asset in one of Metro Denver’s fastest-growing suburban markets. The property benefits from adjacency to one of the largest transit-oriented developments in Colorado and generates strong in-place cash flow, making it a highly attractive investment in today’s market. Below-market rents and low NNN expenses contribute to exceptional tenant retention, with a weighted average lease term of 8.8 years and an average tenant tenure of 17.3 years, underscoring the stability of the income stream.
This offering provides qualified investors the opportunity to acquire a well-positioned asset in one of Metro Denver’s fastest-growing suburban markets. The property benefits from adjacency to one of the largest transit-oriented developments in Colorado and generates strong in-place cash flow, making it a highly attractive investment in today’s market. Below-market rents and low NNN expenses contribute to exceptional tenant retention, with a weighted average lease term of 8.8 years and an average tenant tenure of 17.3 years, underscoring the stability of the income stream.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
71,367 SF
Building Class
B
Year Built/Renovated
1977/2018
Price
$11,000,000
Price Per SF
$154.13
Cap Rate
6.40%
NOI
$704,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.26
Lot Size
6.30 AC
Zoning
C-1
Frontage
691’ on Sheridan Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 29-251-01-002 | Improvements Assessment | $1,137,141 |
| Land Assessment | $956,307 | Total Assessment | $2,093,448 |
Property Taxes
Parcel Number
29-251-01-002
Land Assessment
$956,307
Improvements Assessment
$1,137,141
Total Assessment
$2,093,448
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8601 Sheridan Blvd
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