8601 Sheridan Blvd
Retail | 6.55% CAP | 71,367 SqFt
Marketing description
Pinnacle Real Estate Advisors is pleased to present to announce it has been retained as the exclusive marketing agent for a
compelling retail investment opportunity located at 8601 Sheridan Boulevard in Westminster, Colorado.
This offering provides qualified investors the opportunity to acquire a well-positioned asset in one of Metro Denver’s fastest-growing suburban markets. The property benefits from adjacency to one of the largest transit-oriented developments in Colorado and generates strong in-place cash flow, making it a highly attractive investment in today’s market. Below-market rents and low NNN expenses contribute to exceptional tenant retention, with a weighted average lease term of 8.8 years and an average tenant tenure of 17.3 years, underscoring the stability of the income stream.
Investment highlights
- 100% leased by three tenants, all exercised early renewals
- Shadow anchored by Lowe’s
- Premier location directly off highway 36, adjacent to the RTD park-and-ride, and across from the downtown Westminster redevelopment strong regional retail node anchored by national brands including Lowe’s, McDonald’s, ARC Thrift Store, U-Haul, and Costco
- Exceptional rent roll stability, with all tenants operating at the center for an average of 17.3 years
- Robust traffic counts with 45,000+ VPD on Sheridan Blvd and 143,000+ VPD along Highway 36
- Low NNN expenses, enhancing tenant retention and long-term investment performance
- Recently installed perimeter security fence providing improved safety and control
- Well-maintained property with consistent upkeep and capital investment
- Upgraded pylon signage, enhancing visibility and tenant exposure
- Long-term covered land play
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