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Shopping Strip

Shoppes at Denver West

14025 W Colfax Ave, Lakewood, CO 80401

Listing Price: $4,350,000

Cap Rate
6.00%
Gross SF
8,800
Rentable SF
8,800
Price/Gross SF
$494.32
Lot Size
1.36 acres
Year Built
2013

Investment Overview

Marcus & Millichap has been selected as exclusive investments advisers in the sale of Shoppes at Denver West located at 14025 W. Colfax Avenue in Lakewood, Colorado. This three-tenant retail building measures approximately 8,800 square feet and is situated on a 1.36-acre parcel. The property is 100% leased to Sleep Number, Noodles & Co., and La Posadita on triple net leases. Sleep Number is a publicly traded company (NASDAQ: SNBR) with more than 600 store locations nationally. Noodles & Company is also publicly traded (NASDAQ: NDLS) and has 450 restaurants in 29 states. Shoppes at Denver West is located on the ring road to the Colorado Mills Mall and is across the street from Denver West Village. These two centers have more than 1.5 million square feet of retail space and are anchored by national tenants such as Target, Burlington Coat Factory, Whole Foods, Marshall’s, Bed Bath & Beyond, Dick’s Sporting Goods, Old Navy, and United Artists Theater. There are also auto dealerships for Nissan, Toyota, Chevrolet, and Lexus nearby, which create additional drawing power for the location. In addition to the regional drawing power of the adjacent shopping centers, the property benefits from being located in a dense residential area with excellent income demographics and the proximity to major employers. There are more than 66,000 residents within three miles of the site and the average household income is $112,000. Additionally, the trade area has more than 14 million square feet of office space and over 110,000 daytime employees. The site is located near the interchange of Interstate 70 and Highway 6. These two major highways carry more than 145,000 vehicles through the neighborhood every day. Colfax Avenue is also a major commercial thoroughfare and runs to downtown Denver. More than 26,000 cars pass the site each day along this roadway.

Investment Highlights

  • Three-Tenant Retail Building Adjacent to 1.1 Million SF Colorado Mills Mall
  • Corporate Leases with Sleep Number and Noodles & Co.
  • NNN Leases with Minimal Landlord Responsibility
  • Huge Daytime Population of Nearly 110,000 People Within Three Miles
  • Excellent Regional Access From Interstate 70 and Highway 6

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Shopping Strip

Shoppes at Denver West

Listing Price: $4,350,000

Cap Rate
6.00%
Gross SF
8,800
Rentable SF
8,800
Price/Gross SF
$494.32
Lot Size
1.36 acres
Year Built
2013

Investment Highlights

  • Three-Tenant Retail Building Adjacent to 1.1 Million SF Colorado Mills Mall
  • Corporate Leases with Sleep Number and Noodles & Co.
  • NNN Leases with Minimal Landlord Responsibility
  • Huge Daytime Population of Nearly 110,000 People Within Three Miles
  • Excellent Regional Access From Interstate 70 and Highway 6

Investment Overview

Marcus & Millichap has been selected as exclusive investments advisers in the sale of Shoppes at Denver West located at 14025 W. Colfax Avenue in Lakewood, Colorado. This three-tenant retail building measures approximately 8,800 square feet and is situated on a 1.36-acre parcel. The property is 100% leased to Sleep Number, Noodles & Co., and La Posadita on triple net leases. Sleep Number is a publicly traded company (NASDAQ: SNBR) with more than 600 store locations nationally. Noodles & Company is also publicly traded (NASDAQ: NDLS) and has 450 restaurants in 29 states. Shoppes at Denver West is located on the ring road to the Colorado Mills Mall and is across the street from Denver West Village. These two centers have more than 1.5 million square feet of retail space and are anchored by national tenants such as Target, Burlington Coat Factory, Whole Foods, Marshall’s, Bed Bath & Beyond, Dick’s Sporting Goods, Old Navy, and United Artists Theater. There are also auto dealerships for Nissan, Toyota, Chevrolet, and Lexus nearby, which create additional drawing power for the location. In addition to the regional drawing power of the adjacent shopping centers, the property benefits from being located in a dense residential area with excellent income demographics and the proximity to major employers. There are more than 66,000 residents within three miles of the site and the average household income is $112,000. Additionally, the trade area has more than 14 million square feet of office space and over 110,000 daytime employees. The site is located near the interchange of Interstate 70 and Highway 6. These two major highways carry more than 145,000 vehicles through the neighborhood every day. Colfax Avenue is also a major commercial thoroughfare and runs to downtown Denver. More than 26,000 cars pass the site each day along this roadway.

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

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