Kings Plaza
Grocery-Anchored Multi-Tenant Retail/Office Investment Property For Sale
Marketing description
Kings Plaza | 1321 & 1325 S Prairie Ave, Pueblo, CO presents an exceptional opportunity to acquire a renovated grocery anchored multi-tenant office/retail investment in one of Pueblo’s established commercial corridors.
This 13,964 SF, two-building asset sits on 0.51 acres and is anchored by long-term credit tenant WovenCare, creating durable income with built-in annual rent increases. Positioned near the signalized intersection of S Prairie Ave and W Northern Ave, the property benefits from strong retail synergy and daily traffic counts of approximately 18,908 vehicles on W Northern Ave and 10,804 vehicles on S Prairie Ave.
Surrounding national and regional retailers include King Soopers, Safeway, Walgreens, Starbucks, Dollar Tree, O’Reilly Auto Parts, AutoZone, Wells Fargo, and more. Recent capital improvements enhance long-term ownership appeal, including a new spray foam roof with 20-year warranty, 6 new HVAC units, resurfaced and restriped parking lot, and replacement roof shingles.
Offered at $3,110,000, this stabilized asset delivers an attractive 8.0% cap rate and combines strong tenancy,
proven location, and upgraded physical condition in a high-visibility Pueblo retail node.
Investment highlights
Price: $3,110,000
Cap Rate: 8%
NOI: $245,167
Price/SF: $222.72
Building Size: 13,964 SF
Anchor Tenant: WovenCare/Shandy Clinic: 11,411 SF (5,000SF stand-alone with 6,411SF adjacent) Expiration 2037 with $0.50 Annual Increases.
WovenCare/The Shandy Clinic is a private outpatient therapy clinic serving patients in Aurora, Monument,
Colorado Springs, and Pueblo Colorado with eleven locations.
As a private therapy practice, the Shandy Clinic prides itself on personalized, individual therapy in a friendly,
family environment.
In addition to traditional therapy approaches, the clinic also empowers our staff to think
outside the box to find solutions to help our patients make progress.
Services offered include animal assisted, aquatic therapy, handwriting,
teletherapy, trauma informed care, pediatric orthopedic program.
Additional Tenants: Ochoa Hair Salon and American Family Insurance.
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