Shopping Community

Burlington & Ulta Beauty

4832 Thompson Pkwy, Johnstown, CO 80534

Listing Price: $9,075,000

Cap Rate
6.76%
Gross SF
50,163
Rentable SF
50,163
Price/Gross SF
$180.91
Lot Size
0.63 acres
Year Built
2017

Investment Overview

ULTA BEAUTY | DOMINANT BEAUTY RETAILER Ulta Beauty is the largest beauty retailer in the country, with 1,269 locations across 48 States. Ulta Beauty generated approximately $7.4 billion in sales over the trailing twelve months (ending in February of 2020). As of March 18th, 2020, Ulta Beauty had over $1.3B in cash and cash equivalents on hand. Due to their significant cash on hand, Ulta did not furlough any employees in response to COVID-19 and all distribution center workers received a $2-per-hour wage premium. BURLINGTON COAT FACTORY | LEADING OFF-PRICE RETAILER A nationally recognized off-price retailer that was founded in 1972. Burlington Coat Factory is a Fortune 500 company and as of March 2020, operated 711 stores that generated $7.3 billion in sales over the trailing twelve months. This represented a 9.3% increase in sales over that period, and same store comps growing by 3.5%. Burlington ended 2019 with $911 million in cash on hand. PREMIER NORTHERN COLORADO SHOPPING DESTINATION The intersection of Interstate 25 and Highway 34 is the retail destination for Northern Colorado residents, generating close to $400 million in annual sales. RAPIDLY GROWING SUBMARKET Population within a 5-mile radius is projected to grow by 18.25% over the next five years. There are two significant residential developments propelling that growth one located on either side of I-25 just north of Highway 34. The Lakes at Centerra which will include 1,231 single family homes and townhomes on the west side of I-25, and Kinston at Centerra which will include 2,828 residential units on the east side.

Investment Highlights

  • Long Term Leases with Rental Increases in 2022
  • Passive Investment, No CAM Management Required
  • Shadow Anchored by Scheels - Enormous Trade Area & Drives 56% More Customer Visits than Nearest Bass Pro

Exclusively Listed By

Shopping Community

Burlington & Ulta Beauty

Listing Price: $9,075,000

Cap Rate
6.76%
Gross SF
50,163
Rentable SF
50,163
Price/Gross SF
$180.91
Lot Size
0.63 acres
Year Built
2017

Investment Highlights

  • Long Term Leases with Rental Increases in 2022
  • Passive Investment, No CAM Management Required
  • Shadow Anchored by Scheels - Enormous Trade Area & Drives 56% More Customer Visits than Nearest Bass Pro

Investment Overview

ULTA BEAUTY | DOMINANT BEAUTY RETAILER Ulta Beauty is the largest beauty retailer in the country, with 1,269 locations across 48 States. Ulta Beauty generated approximately $7.4 billion in sales over the trailing twelve months (ending in February of 2020). As of March 18th, 2020, Ulta Beauty had over $1.3B in cash and cash equivalents on hand. Due to their significant cash on hand, Ulta did not furlough any employees in response to COVID-19 and all distribution center workers received a $2-per-hour wage premium. BURLINGTON COAT FACTORY | LEADING OFF-PRICE RETAILER A nationally recognized off-price retailer that was founded in 1972. Burlington Coat Factory is a Fortune 500 company and as of March 2020, operated 711 stores that generated $7.3 billion in sales over the trailing twelve months. This represented a 9.3% increase in sales over that period, and same store comps growing by 3.5%. Burlington ended 2019 with $911 million in cash on hand. PREMIER NORTHERN COLORADO SHOPPING DESTINATION The intersection of Interstate 25 and Highway 34 is the retail destination for Northern Colorado residents, generating close to $400 million in annual sales. RAPIDLY GROWING SUBMARKET Population within a 5-mile radius is projected to grow by 18.25% over the next five years. There are two significant residential developments propelling that growth one located on either side of I-25 just north of Highway 34. The Lakes at Centerra which will include 1,231 single family homes and townhomes on the west side of I-25, and Kinston at Centerra which will include 2,828 residential units on the east side.

Exclusively Listed By

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