Investment Overview

Marcus & Millichap is pleased to present the fee-simple ownership interest at 820 Castle Valley Boulevard located in New Castle, Colorado. Strategically located off busy thoroughfare US. 6 and Interstate 70, this multi-tenant retail center is well positioned and serves the tight-knit community of New Castle, Colorado. New Castle Plaza features a diverse mix of tenants such as Edward Jones, Tapatios, Fiore Salon, Burn Mountain Martial Arts, New Castle Coffee, ReMax, Valley View Hospital, Glenwood Medical, Castle Valley Children’s and Be Fitness Gym. This property offers twelve suites totaling 33,622 gross leasable area. The site is shadow anchored by City Market (Kroger) and positioned on a corner lot parcel, this facility possesses excellent visibility and access. The subject property is near McDonald’s, Kum & Go, Conoco, The Lodge at New Castle Hotel, New Hope Church and Alpine Bank. This property offers investors the opportunity to acquire a highly trafficked and visible retail center in New Castle, with both National credit and local business tenants. Shadow-anchored by City Market and excellent access to parking, this retail center is well positioned in the community. All of the tenants operate under double-net leases allowing for minimal landlord responsibility, as well as CPI adjusted rents that provide landlord an excellent hedge against inflationary risk.