Redevelopment Opportunity with In-place Income
Retail
Marketing description
6.12 ACRE PARCEL ACROSS FROM FLATIRON CROSSING REGIONAL MALL
COVERED LAND PLAY OF THREE FREESTANDING SINGLE TENANT BUILDINGS LOCATED ON ONE PARCEL, INCLUDING A NET-LEASED WATERWAY CAR WASH & FUEL STATION, A FORMER MCDONALD’S (DELIVERED VACANT), AND A FORMER BANK OF THE WEST (DELIVERED VACANT).
Investment highlights
FLATIRON CROSSING – 1.4MM SF REGIONAL SHOPPING DESTINATION – 96TH PERCENTILE OF ALL SHOPPING CENTERS IN COLORADO (PLACER.AI). CONTAINS LARGE NATIONAL RETAILERS LIKE DICK’S SPORTING GOODS, DILLARD’S, MACY’S, AND OVER 175 TOTAL STORES.
LOCATED JUST EAST OF MACERICH’S $240MM HIFI REDEVELOPMENT, FEATURING NEW RETAIL ENTERTAINMENT, AND 347 MULTI-FAMILY UNITS. ANTICIPATED DELIVERY IS 2027.
1,467 HOTEL ROOMS WITHIN A 1-MILE RADIUS OF THE SUBJECT PROPERTY, SUPPORTING OVER 6.4 MILLION SF OF OFFICE (2-MI RADIUS). IN ADDITION, VISITORS OF BOULDER AND THE DENVER MSA OFTEN SEEK CHEAPER OPTIONS OUTSIDE CITY LIMITS.
HIGH-GROWTH DENVER–BOULDER (US-36) CORRIDOR LOCATION. THE US-36 CORRIDOR’S TOTAL MULTI-FAMILY PRODUCT IS APPROX. 20,000 MULTI-FAMILY UNITS, 22.5% OF WHICH HAS BEEN BUILT SINCE 2020.
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