Aurora, CO Retail Property For Sale

$4,500,000 SALE PRICE

Private Lender - $2,200,000.00, 8.0% interest only payments, 3 year term, 1% Point. OR

Independent Financial Bank - $2,700,000, 7.25% fixed rate, 25 year amortization, 5 year term, 0.5% Point - Bryan Rowe (303.293.5547).

10 RTUs replaced 9/2021.

This attractive, well maintained and easy to manage Multi-Tenant Retail Center features great visibility and easy access from East Mississippi Avenue and Kingston Street.

Location, visibility, high traffic counts and a busy trade area make the Retail Shops on Mississippi an attractive and affordable option for retail and service oriented tenants. Vacancy is rare.

The property is well located among office and medical complexes and just across Mississippi Ave. from the Regional Lifestyle Shopping District, Gardens on Havana.

Anchored by Terrapin Station Dispensary, long time tenants include Buckingham Liquors, Village Park Dental, Boost Mobile, Hairzone and V.I.P. Barber.

- Anchored by a large format Liquor store - sold to experienced new owner/operating family end of 2022 who run multiple stores in Colorado

- On Lighted intersection at 38th/40th Avenue and Tower Road

- Monument signage available on Tower Road for all tenants

- 6 of the 8 tenants have leased space in the center since it was built in 2015

- Premier visibility to Tower Road

- Below market rents - opportunity to increase NOI over the next 10 years

- All leases other than 5 Guys Burgers & Batteries Plus have annual increases offering hedge against inflation

- All leases are NNN

- One 3,000 gallon grease trap located on either end of the Shopping Center to accommodate current and future restaurant tenants

- Roof Warranty in place that is assignable

- Future direct connection from 38th & Tower to 38th & E-470 entering Denver Aerotroplis!

Coldwell Banker Commercial, NRT is pleased to present the rare opportunity to acquire this amazing property located in Adams County, Colorado. This property would be best suited for a developer/investor; however, due to its location, it would make a great investment property for anyone. The subject properties contain over 1/2 an acre and is situated on the NE corner of E Colfax Ave and Dallas St. Many recent upgrades have already been completed.

Potential Seller-carry. This Offering Is The Sale Of An Absolute Net Ground Lease Direct With Jpmorgan Chase With No Landlord Responsibilities Whatsoever. There Are Approximately 4.75 Years Remaining On The Ground Lease With 3 (10-year) Options, Which Include 10% Escalations Every 5-years.

This freestanding drive-thru building allows for a variety of commercial uses and is a great opportunity for an owner user. It is conveniently located off South Parker Road and close to Walmart. The 3,261 SF property has ample parking, excellent visibility, high exposure to traffic, and monument signage.

• Good visibility at the intersection of E 11th Ave and Yosemite Street

• One block away from the renowned Lowry Redevelopment

• Across the street from 7-Eleven with neighboring inline retail and residential uses

• Hard corner location

Salem Square is a regional shopping center consisting of approximately 95,931 SF. Below market average rents. This property is a stable investment with upside potential.