Investment Highlights
37,215 SF shopping center shadow anchored by H Mart
Positioned within a dense retail corridor serving Westminster and Northwest Denver
Strong Demographics in 5-Mile Trade area
Attractive opportunity to acquire an asset with significant value-add potential by bringing current rents to market
105-acre site equidistant from Boulder and Denver
Executive Summary
SRS Investment Properties Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in Northview Shopping Center, a 37,215 SF, grocery shadow anchored, value-add investment opportunity located in Westminster, CO (Denver MSA). The property is currently 87% occupied with a diverse mix of medical, restaurant, retail, and daily needs tenants. All current tenants operate on NNN leases, reimbursing for their share of taxes, insurance, and CAM, limiting expense leakage for a new investor. Additionally, 14 of the 16 current tenants are paying below market rent, providing a unique opportunity to acquire a property with significant value-add potential within the Denver MSA, a thriving retail market.
