8601 W Cross Dr
Littleton, CO 80123
Sprouts-Anchored Regional Power Center · Retail Property For Sale

Grocery Anchored Regional 300,000 SF Power Center; Anchors Represent 70% of the Tenancy: Sprouts (NYSE: SFM), which has operated at this location since 2008, benefits from strong sales and a low health ratio. 94% Occupied; 92% National/Regional Credit Tenants: Including anchors of PetSmart, Cost Plus World Market, JOANN Fabrics, Office Depot, Christy Sports, Dollar Tree, and 2nd & Charles. Offered at Below Replacement Cost; $182 PSF Strong Leasing Momentum Since 2015: Property has experienced favorable leasing momentum, including Christy Sports executing a lease for 35,000 SF in 2015 and 2nd & Charles executing a lease for 30,000 SF in 2017. Long-Term Historical Occupancy: Excluding the two new anchor leases, 79% of tenants have been located in center since 2008. Dominant, Irreplaceable Location in Southwest Denver; 66,000 CPD Located Across from Southwest Plaza Mall: Anchored by Dick’s Sporting Goods, Dillard’s, H&M, Macy’s, JCPenney, Sears, and Super Target. Long-Term Assumable 61% LTV Nonrecourse Financing; $22,000,000 Down Payment: Opportunity to assume the current loan with an interest rate of 4.515%, interest only until July 2018; due in July 2025. Rare Opportunity to Own a Majority of the Entire Shopping Center Affluent Demographics of $100,000 AHHI; 234,000 Population within a 5-Mile Radius.