Conifer Marketplace
Retail | 7.30% CAP | 86,813 SqFt
Marketing description
SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in Conifer Marketplace, a multi-tenant community retail investment located in Conifer, Colorado. The property is currently 89% occupied and features a strong lineup of national and regional tenants, including a top performing O’Reilly Auto Parts location ranking in the 96th percentile nationally (6,000+ stores), alongside an Anytime Fitness location also ranking in the 96th percentile nationwide (2,000+ locations) (placer. ai). The center also benefits from a diverse tenant mix of personal service, professional, and food & beverage users, with a recently added Dutch Bros outparcel (NAP) further enhancing the property’s long-term appeal and traffic draw.
The investment offers attractive income growth through multiple tenants with contractual rent increases and options to extend at either fair market value or fixed rental rates, providing durable cash flow and future upside. The lease structure is primarily net leased, with tenants reimbursing their pro rata share of CAM, taxes, insurance, and management costs, resulting in low expense leakage and reduced landlord obligations for the investor.
Strategically positioned on Highway 285, which sees approximately 24,000 vehicles per day, the property offers excellent visibility and direct access to the Colorado Rocky Mountains, serving as a key route to major resort destinations including Breckenridge, Vail, and Aspen. The center benefits from both steady local consumer demand and seasonal tourism traffic. In a tight retail trade area, the property is located less than one mile from Safeway-anchored Conifer Town Center, with nearby retailers including Natural Grocers, Starbucks, and Sonic, and less than two miles from Aspen Park, home to King Soopers, Big R Stores, and Ace Hardware. The 5-mile trade area is supported by more than 12,700 residents and 3,000 employees, with an affluent average household income of $180,827.
Investment highlights
- Top Ranked National Anchor Tenants | Limited Competition | Diverse Lineup | Options to Extend | Rent Increases
- Net Leases | Low Expense Leakage | Reduced Landlord Obligations
- On Route to Breckenridge, Vail and Aspen | Tourism Demand Driven High Visibility on Highway 285
- Strong Demographics In 5-Mile Trade Area
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