Sun Plaza Shopping Center 9116 W Bowles Ave 53,589 SF 100% Leased Retail Building Littleton, CO 80123 $12,080,153 CAD ($225.42 CAD/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 91% Leased | E-Commerce Resistant Tenant Line-up | Below Market Rent | NNN Leases
- Multiple Nearby Shopping Centers | Wadsworth Blvd (56,000 VPD) Across From Southwest Plaza (1.17M+ Rentable SF)
- Excellent Location, Visibility, and Access | Dense Retail Corridor
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 91% leased, multi-tenant retail center property located in Littleton, Colorado. The property boasts a tenant lineup resistant to e-commerce influences, featuring a mix of food and service concept retailers. Notably, the tenants are paying rents significantly below the current market rates in the Denver Metropolitan Statistical Area, suggesting potential for revenue growth. Moreover, over 85% of the total Gross Leasable Area (GLA) is covered by triple net (NNN) leases, which include administrative fees, effectively minimizing expense slippage.
Strategically situated within a vibrant retail corridor, the property benefits from its proximity to major traffic nodes, sitting near the intersection of W Bowles Ave and the well-known Wadsworth Blvd, which sees nearly 100,000 vehicles daily. Directly opposite the property is the Southwest Plaza, a super regional mall with over 1 million rentable square feet and more than 100 retailers, enhancing consumer draw to the area. The presence of nearby national tenants like Target, The Home Depot, and TJ Maxx further bolsters the location’s appeal. This clustering of retailers creates a strong synergy, encouraging crossover shopping that benefits the subject property, enhancing its potential as a lucrative investment.
The 5-mile trade area is supported by more than 208,000 residents and 64,000 employees who boast an extremely affluent average household income of $137,427.
Strategically situated within a vibrant retail corridor, the property benefits from its proximity to major traffic nodes, sitting near the intersection of W Bowles Ave and the well-known Wadsworth Blvd, which sees nearly 100,000 vehicles daily. Directly opposite the property is the Southwest Plaza, a super regional mall with over 1 million rentable square feet and more than 100 retailers, enhancing consumer draw to the area. The presence of nearby national tenants like Target, The Home Depot, and TJ Maxx further bolsters the location’s appeal. This clustering of retailers creates a strong synergy, encouraging crossover shopping that benefits the subject property, enhancing its potential as a lucrative investment.
The 5-mile trade area is supported by more than 208,000 residents and 64,000 employees who boast an extremely affluent average household income of $137,427.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
53,589 SF
Building Class
B
Year Built
1987
Price
$12,080,153 CAD
Price Per SF
$225.42 CAD
Cap Rate
7.25%
NOI
$875,825 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
4.19 AC
Zoning
P-D - Planned Development
Zoning allows for variety of uses, Contact broker for more details.
Parking
245 Spaces (4.57 Spaces per 1,000 SF Leased)
Frontage
250’ on W Bowles Ave
AMENITIES
- Restaurant
- Balcony
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 59-222-01-072 | Improvements Assessment | $553,352 CAD |
| Land Assessment | $1,718,861 CAD | Total Assessment | $2,272,213 CAD |
