770 Gold Hl Pl, Woodland Park, CO 80863

VALUE-ADD MULTI-TENANT RETAIL OPPORTUNITY

The 15,000 SF subject property is currently 27.48% occupied with a 10,878 SF junior box

vacancy remaining. The vacancy is adjacent to a City Market (Kroger) grocery store, exposing

the existing vacancy to plentiful consumer foot traffic.

GROCERY SHADOW ANCHORED – GOLD HILL MARKETPLACE

The subject property is a part of Gold Hill Marketplace, a 90,142-grocery anchored (City Market)

shopping center. The center’s City Market saw over 560K visits per Placer.ai in the trailing

twelve months, providing ample foot traffic. City Market is King Soopers’ (Kroger) trade name

within mountain towns in Colorado.

NO USE RESTRICTIONS, RARELY SEE ADJACENT TO GROCER

Leasing the 10,878 SF vacancy is at $10.00/SF + NNN expenses is projected to bring the property’s

net operating income to $168,597. Stabilizing the asset would equate to a cap rate of 11.24%.

HIGH BARRIERS TO ENTRY IN SUPPLY CONSTRAINED MOUNTAIN TOWN

There has not been a retail building delivered in Woodland Park over the last five years. The

last completed retail project was in 2019 when a 13,337 SF Natural Grocers was delivered to

the southeast end of town. The scarcity of developable retail land creates demand for welllocated

retail space in Woodland Park like the subject property.