FULLY OCCUPIED 14,572 SF RETAIL STRIP - Parker Colorado
Retail | 6.16% CAP | 14,572 SqFt
Marketing description
Bang Realty is pleased to present the opportunity to acquire 18951 E Mainstreet in Parker, CO, a fully stabilized multi-tenant retail investment. Featuring a 14,572-square-foot building on a 1.00-acre parcel, the property is strategically positioned at the 'Main and Main' intersection of the submarket. The asset benefits from high visibility with over 80,000 combined daily vehicles and excellent accessibility, ensuring long-term appeal to a mix of dining and service-oriented tenants in an affluent Denver submarket.
The property is 100% occupied by a diverse tenant mix, including dining, entertainment, and professional services. With a weighted average lease term (WALT) of 5.88 years, the investment offers a durable income stream yielding a Net Operating Income of $234,127. The asset is offered at a suggested valuation of $3,800,000, reflecting a 6.16% capitalization rate. Supported by strong local demographics with median household incomes exceeding $129,000, this opportunity provides a stable investment in a rapidly densifying corridor.
Investment highlights
- UNRIVALED MARKET FUNDAMENTALS - Parker's retail submarket maintains an exceptionally tight 1.20% vacancy rate, significantly outperforming the 4.80% Southeast Metro average. Over $500M in active development within a one-mile radius ensures continued appreciation and sustained rental growth.
- STRATEGIC "MAIN & MAIN" LOCATION - Positioned at the gateway to downtown Parker, the asset benefits from combined traffic counts exceeding 80,000 VPD. Its location captures "going-home" traffic from the Denver Tech Center and sits adjacent to a Walmart-anchored power center.
- STABLE INCOME & FAVORABLE TERMS - The property is 100% occupied with a 5.88-year WALT, offering a durable income stream. At a 6.16% cap rate and $260.77 PSF, the valuation is highly attractive compared to local small-format condos trading at $325+ PSF.
- SUPERIOR PARKING & PHYSICAL SPECS - A parking ratio of 5.56/1,000 SF exceeds standard retail code, supporting high-volume entertainment and dining tenants and providing a distinct competitive advantage over neighboring assets.
- AFFLUENT RESIDENTIAL GROWTH - The 3-mile radius boasts a median household income of $138,000. With 1,000+ new residential units delivering within a half-mile, the property is poised to capture a rapidly densifying, high-spending consumer base.
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