1017 N Market Plz - Supermarket FOR SALE


Pueblo, CO 81007
$9,384,000 USD
513-300-0763
1017 N Market Plz, Pueblo, CO for Sale
$9,384,000 USD
Supermarket - FOR SALE
1/8
null | 5.25% Cap Rate

1017 N Market Plz
Pueblo, CO 81007


HIGHLIGHTS

  • Strong Commitment to Site; Long Term Occupancy for Nearly 25 Years
  • Recently Executed Early 5-Year Renewal Option
  • High Performing Location; Top 10% in Customer Visits in Grocery Category Nationwide; Top 5 Ranked in State of Colorado
  • Situated Within Pueblo West Metropolitan District Which is the Fastest Growing Community in Southern Colorado
  • Limited Supermarket Competition with the Closest Walmart 3 Miles Away and the Closest Albertsons Over 5 Miles Away
  • Multiple Access Points and Visibility Along Hwy 50 Which Has Daily Traffic Counts Exceeding 40,860 Vehicles

OVERVIEW

Introducing SAFEWAY, a lucrative investment opportunity at 1017 Market Plaza, Pueblo, CO 81007. This high-performing grocery location boasts a 25-year occupancy commitment, with the anchor tenant Safeway recently renewing for an additional 5 years. Situated in the rapidly growing Pueblo West Metropolitan District, the property sees limited competition, ensuring a strong market presence. The prime placement at a signalized intersection, coupled with close proximity to major retailers and a medical center, enhances visibility and customer traffic. With a net operating income of $492,660 and a 5.25% cap rate, this property offers a solid return on investment. Safeway, a subsidiary of Albertsons, a prominent player in the food retail industry, has yearly sales exceeding $40 million. The property's strategic location, high sales volume, and favorable lease terms make it a promising asset in a thriving community. Don't miss this chance to add SAFEWAY to your portfolio and capitalize on this stable, long-term investment opportunity in Colorado.

FOR SALE DETAILS

PRICE

$9,384,000 USD

PRICE/SF

$167 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pueblo West Safeway

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.6 AC

LAND SF

243,936 SF

ZONING

B-4

APN/PARCEL ID

0-5-07-1-05-008

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.