Interplaza West Sale | 100% NNN Leased Investment
Retail | 6.15% CAP | 31,675 SqFt
Marketing description
Lee & Associates is pleased to exclusively offer 17120 & 17132 West Colfax Ave at Interplaza West, a 31,675 SF multi-tenant retail center on W Colfax Avenue in Golden, Colorado. Offered at $13,000,000, the property represents an approximate 6.15% capitalization rate on stabilized Year 1 net operating income of $800,189.
The property consists of two single-story buildings on 2.67 acres in the Denver West retail submarket. All seven tenants operate under NNN leases with contractual rent escalations, generating over $1.19 million in annual gross revenue. The tenant roster spans national credit (Petco), national franchise (Great Clips), and established local operators across retail, health and wellness, and specialty uses.
The site commands over 18,500 vehicles per day on W Colfax Avenue, with additional exposure to W 6th Avenue (36,400 VPD). The surrounding trade area supports a five-mile population of 113,600 and average household incomes exceeding $136,000. Golden's stable economic base, anchored by the Colorado School of Mines, Molson Coors, and NREL, underpins consistent retail demand along the corridor.
Investment highlights
- 100% occupied with stabilized Year 1 NOI of $800,189
- All leases NNN with 3% annual escalations, delivering organic rent growth
- Seven tenants with expirations staggered through 2033
- 36,000+ VPD on W Colfax Avenue; 360 feet of building frontage
- Signalized access at Corporate Drive with proximity to W 6th Avenue interchange
- Golden, CO: established Jefferson County community with high barriers to new retail supply
- $136,189 average household income within five miles; 21% of households earning $200K+
- 113,600 residents within five miles; 63% owner-occupied housing
- Several tenancies below center-average rents offer mark-to-market opportunity at rollover
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