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28861703
28861704

279 S Purcell Blvd, Pueblo West, CO 81007

JC
CA 01008195
Faris Lee Investments
SD
CA 01889050, FL BK 3421401 (+2)
Faris Lee Investments
GL
01036131
Faris Lee Investments
Listed by Faris Lee Investments
$5,096,000
178 days on market
Updated 10 days ago

Shops at Pueblo West/High Yield NNN Inv.

Details
Property Type Retail
Sub Type QSR/Fast Food, Storefront (+1)
Square Footage 23,276
Cap Rate 8.00%
NOI $407,651
Price per SqFt $217
Year Built 2013
Year Renovated 2018
Ground Lease No

Just Listed: Shops at Pueblo West | High Yield NNN Inv. | Pueblo West, CO | $5.7M

Marketing description

Colorado Broker of Record... EXP Realty - Jennifer Smith / License# 100095733

We are pleased to present the opportunity to acquire Shops at Pueblo West, a stabilized, high-yield five-tenant retail investment located in the rapidly expanding community of Pueblo West, Colorado. This offering provides an investor with an attractive 7.50% Cap Rate and a secure income stream derived from a synergistic, 100% internet-resistant tenant mix. Offered at just $231 PSF, the asset is priced significantly below estimated replacement costs, providing the investor with immediate intrinsic value and a safe basis in a high-quality physical asset relative to today’s construction pricing.

The property is currently 94% leased to a curated lineup of service-based businesses—including Fitness, Physical Therapy, and Wellness operators—that require an in-person customer presence, effectively “Amazon-proofing” the asset against e-commerce competition. The tenant roster is anchored by the property’s largest tenant, Snap Fitness, which recently executed a new 5-year lease renewal. This commitment is complemented by a brand-new lease with Fyzical Therapy & Balance Centers, backed by a Corporate Guaranty, further solidifying the center’s income stability and long-term leasing momentum.

Structured as a passive investment, the tenants operate under NNN leases, reimbursing their pro-rata share of property taxes, insurance, and common area maintenance. This structure minimizes landlord responsibilities and expense leakage while creating an inflation-protected income stream. This offering includes the Fee Simple interest in both the land and the building. This ownership structure provides tangible real estate value and allows the investor to potentially utilize cost segregation strategies to accelerate depreciation and enhance after-tax yields.

Strategically positioned at the high-traffic interchange of US Hwy 50 and Purcell Blvd, the property benefits from excellent visibility and exposure to combined traffic counts of over 51,000 vehicles per day. The site serves as a vital community gateway for the affluent residential base, which boasts an average household income of $110,305 within a 3-mile radius. The asset further benefits from the massive cross-shopping traffic generated by the nearby Safeway-anchored Pueblo West Marketplace (2.3 million annual visits per Placer.ai) and high-performing neighbors like Scooter’s Coffee (Ranked #1 in visits in Colorado per Placer.ai), ensuring long-term tenant demand in Southern Colorado’s fastest-growing residential hub.

This rare combination of dominant retail synergy, affluent demographics, and high-yield passive structure positions Shops at Pueblo West as a premier investment opportunity.

Investment highlights

  • Attractive 8.00% yield, stabilized nnn retail investment, long-term leases, priced below replacement cost at $217 psf.
  • Passive nnn investment, minimal landlord obligations, inflation-protected income, tenants covering expenses and maintenance.
  • Fee simple ownership of land and building with potential tax benefits through cost segregation to accelerate depreciation and enhance after-tax return
  • Upside / value add opportunity thru lease up of 1500 sf
  • High-profile retail location: unobstructed street visibility / strong trade area demographics
  • High Yield NNN | $5.05M

Listing Contacts

JC
CA 01008195
Faris Lee Investments
SD
CA 01889050, FL BK 3421401 (+2)
Faris Lee Investments
GL
01036131
Faris Lee Investments
Listed by Faris Lee Investments

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$407,651.00
$33,970.92/mo

Valuation Metrics

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DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Jennifer Smith
License
License# 100095733
Brokerage
EXP Realty
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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