Waneka Marketplace | Sprouts, Goodwill, & Dollar Tree
Retail | 6.40% CAP | 57,560 SqFt
Marketing description
Blue West Capital presents Waneka Marketplace, a 57,560 SF grocery-anchored shopping center in Lafayette, Colorado, anchored by Sprouts Farmers Market (NASDAQ: SFM) and leased to Dollar Tree (S&P: BBB) and Goodwill. The property offers stable cash flow, national tenancy, and long-term income security within Boulder County, one of Colorado's most affluent and high-barrier retail markets.
Positioned at the hard-corner of US Highway 287 and W South Boulder Road, the center benefits from excellent visibility, strong daily traffic, and access to more than 1.7 million annual visits (Placer.ai). Lafayette provides direct connectivity to Boulder (~10 mi) and Denver (~18 mi), supported by dense surrounding neighborhoods and average household incomes exceeding $169,000 within five miles.
Investment highlights
GROCERY-ANCHORED STABILITY & TENANT PERFORMANCE
- Anchored by Sprouts Farmers Market (NASDAQ: SFM), a dominant national grocer with 370+ stores and a $2.8B+ market cap.
- Sprouts and Goodwill occupy 79% of GLA (27,996 SF and 17,508 SF respectively) and both renewed early, reinforcing long-term commitment.
- Sprouts and Goodwill consistently exhibit strong YOY sales growth
- 100% leased to necessity-based, e-commerce-resistant retailers providing durable income and consistent traffic.
PRIME BOULDER COUNTY LOCATION & DEMOGRAPHICS
- Hard-corner site at US Hwy 287 & W South Boulder Rd with 57K+ VPD and 1.7M+ annual visits (Placer.ai).
- Serves affluent Boulder County, one of Colorado’s highest-barrier, most desirable retail markets.
- 145K+ residents and $169K+ average household income within five miles.
- Excellent access to Boulder (~10 mi) and Denver (~18 mi) along a major commuter corridor.
MARKET FUNDAMENTALS & UPSIDE POTENTIAL
- Below-market rents (Sprouts $14.50/SF vs market $16/SF; Goodwill $13.55/SF vs market $18/SF; Dollar Tree $10.50/SF vs market $18/SF) offer meaningful mark-to-market growth.
- High barriers to entry—dense residential surroundings and high construction costs—support long-term rent stability.
- Offered free and clear of debt, providing investors maximum financing flexibility.
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