8020 Federal Boulevard
Stable Retail Investment: $180,855 NOI, 7.7% CAP, 10,070 SF (2 buildings)
Marketing description
Prime investment opportunity. NNN leases, 92% occupancy (1 vacancy).
Hoff & Leigh is excited to present this stable multi-tenant retail property For Sale at 8020 Federal Boulevard, situated in Westminster only 15 minutes from Downtown Denver between Denver and Boulder. This property consists of two buildings with two parking lots and features 12 retail units with a diverse tenant mix providing steady rental income. With Westminster’s growing population and attraction (350+ units under construction in the vicinity), this property benefits from high car counts, consistent foot traffic, strong tenant demand, and long-term value appreciation.
8020 Federal Blvd currently generates a Net Operating Income (NOI) of $180,855, and a current capitalization rate (Cap Rate) of 7.7%.
Additional parking lot provides potential for extra income: EV charge, foodtruck, etc..
Hoff & Leigh property listing website: https://www.hoffleigh.com/listing/8020-federal-boulevard/
For more info, please call Michael Crawford: (720) 683-0399, Mcrawford@HoffLeigh.com
• $2,349,000 ($233/SF)
• 10,070 SF (2 buildings)
• 0.45 Acre Lot Size (19,602 SF)
• NOI (Current): $180,855
• CAP Rate (Current): 7.7%
• 12 Units (11 units 760-845 SF, 1 unit 1250 SF)
• 92% occupied (1 vacancy)
• #1-10 individually metered
• 2 Buildings (One 1-story, One 2-story)
• Most Units Recently Updated
• NNN leases: Stable, Diverse, Long-Term Tenant Mix
• 2 Parking Lots (40 Spaces)
• Monument Signage (Double-Sided, Illuminated)
• Base Rent Annual Escalations (3-5%)
• Roof Great Condition (less than 10yrs old)
• High Traffic Count and Visibility on Federal Blvd
• Growing Market in Westminster (350+ rooftops under construction within 1mi)
• 1976 Build (Masonry)
• Zoning: B-1 (Westminster)
Investment highlights
· $2,349,000 ($233/sf)
· 92% Occupied (1 vacancy)
· NNN Leases, Base Rent Annual Escalations (3-5%)
· 10,070 SF (2 buildings)
· 0.45 Lot Size (19,602 SF)
· NOI (Current): $180,855
· CAP Rate (Current): 7.7%
· 12 units (11 units 760-845sf, 1 unit 1250sf)
· 2 buildings (One 1-story, One 2-story)
· 2 parking lots (40 spaces)
· Monument signage (double-sided, illuminated)
· Stable tenant mix
· Roof great condition (less than 10-yrs old)
· High traffic count and visibility on Federal Blvd
· Growing market in Westminster
· Zoning: B-1 (Westminster)
· 1976 Build (Masonry)
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