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Shopping Strip

Kings Valley Marketplace

30403 Kings Valley Dr, Conifer, CO 80433

Listing Price: Request For Offer

Gross SF
56,491
Rentable SF
56,491
Lot Size
6.10 acres
Year Built
2008

Investment Overview

Marcus & Millichap is proud to present to qualified investors, Kings Valley Marketplace, an approximate 56,491-net-leasable-square-foot Retail and Commercial Center located in Conifer, CO. Constructed in 2008 on 6.1 acres fronting Highway 285, Kings Valley has immediate access off Highway 285 via ingress and egress turn lanes from both directions. Kum & Go Gas and Convenience Store is highly visible right on Highway 285, offering eight gas pump stations and a 3,411-square-foot convenience store. The four major tenants at Kings Valley consist of Kum & Go, 3,411 square feet plus ground, Forest Service, 6,037 square feet, Conexsmart, 11,323 square feet, and Kings Emporium having 11,925 square feet. These four tenants total 32,696 net rentable square feet or 58 percent of the center. They all have rent escalators built into their leases. Kum & Go has 86 years left on a 100-year lease, Forest Service has six years left on a 10-year (firm) lease, Conexsmart has nine years remaining and the Emporium has four years remaining. All leases at Kings Valley are gross with the tenant paying for their individual space heat and electric. Only the Forest Service and Kum & Go are Modified Gross where their respective leases allow for rent increases based on prior year’s operating expenses. The future upside of this investment cannot be overstated. Because of the gross and modified gross lease structure, effective rents at Kings Valley are substantially below the market competitors. The overall market is very tight as well, with strong barriers to entry for any new construction. Kings Valley is currently 100 percent leased with a waiting list for new tenants, as well as expansion space for several existing tenants. Offering 100 percent occupancy, below-market rents, stable tenancy and substantial upside in converting leases to triple net, Kings Valley Marketplace will provide an investor with a very stable, profitable investment opportunity.

Investment Highlights

  • Kum & Go Has 86 Years Left on a 100-Year Lease
  • Conexsmart, LLC - Privately Held Defense Contractor, Ten Year Lease with Nine Years Remaining. Three Five-Year Extension Options. Annual Escalations
  • Household Income of $136,096 in a Five Mile Radius

Exclusively Listed By

Shopping Strip

Kings Valley Marketplace

Listing Price: Request For Offer

Gross SF
56,491
Rentable SF
56,491
Lot Size
6.10 acres
Year Built
2008

Investment Highlights

  • Kum & Go Has 86 Years Left on a 100-Year Lease
  • Conexsmart, LLC - Privately Held Defense Contractor, Ten Year Lease with Nine Years Remaining. Three Five-Year Extension Options. Annual Escalations
  • Household Income of $136,096 in a Five Mile Radius

Investment Overview

Marcus & Millichap is proud to present to qualified investors, Kings Valley Marketplace, an approximate 56,491-net-leasable-square-foot Retail and Commercial Center located in Conifer, CO. Constructed in 2008 on 6.1 acres fronting Highway 285, Kings Valley has immediate access off Highway 285 via ingress and egress turn lanes from both directions. Kum & Go Gas and Convenience Store is highly visible right on Highway 285, offering eight gas pump stations and a 3,411-square-foot convenience store. The four major tenants at Kings Valley consist of Kum & Go, 3,411 square feet plus ground, Forest Service, 6,037 square feet, Conexsmart, 11,323 square feet, and Kings Emporium having 11,925 square feet. These four tenants total 32,696 net rentable square feet or 58 percent of the center. They all have rent escalators built into their leases. Kum & Go has 86 years left on a 100-year lease, Forest Service has six years left on a 10-year (firm) lease, Conexsmart has nine years remaining and the Emporium has four years remaining. All leases at Kings Valley are gross with the tenant paying for their individual space heat and electric. Only the Forest Service and Kum & Go are Modified Gross where their respective leases allow for rent increases based on prior year’s operating expenses. The future upside of this investment cannot be overstated. Because of the gross and modified gross lease structure, effective rents at Kings Valley are substantially below the market competitors. The overall market is very tight as well, with strong barriers to entry for any new construction. Kings Valley is currently 100 percent leased with a waiting list for new tenants, as well as expansion space for several existing tenants. Offering 100 percent occupancy, below-market rents, stable tenancy and substantial upside in converting leases to triple net, Kings Valley Marketplace will provide an investor with a very stable, profitable investment opportunity.

Exclusively Listed By

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