15401-15503 E Mississippi Ave - Storefront Retail/Office FOR SALE


Aurora, CO 80017- Center Pointe
$11,500,000 USD
720-966-1630
15401-15503 E Mississippi Ave, Aurora, CO for Sale
$11,500,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 7% Cap Rate

15401-15503 E Mississippi Ave
Aurora, CO 80017
Center Pointe


HIGHLIGHTS

  • Granada Park attracts 1.7 million annual visitors
  • Excellent visibility at E Mississippi Ave and S Chambers Rd
  • Fully leased with long-term, stable tenants
  • Competitive rental rates provide value-add opportunities
  • NNN leases ensure a passive investment structure
  • Annual rental increases hedge against inflation

OVERVIEW

Blue West Capital is pleased to present Granada Park Shopping Center, a 70,955-square-foot retail property strategically positioned at the high-traffic intersection of E Mississippi Ave (38,535 VPD) and S Chambers Rd (41,000 VPD). This vibrant center boasts a strong tenant mix, including Dollar Tree, Montessori Del Mundo charter school, essential services, and consumer goods retailers. The property is 100% leased to ten tenants, with a weighted average lease term of 7.95 years and an attractive average rental rate of $13.10/SF NNN. This offers potential value-add opportunities through increasing rental rates or tenant repositioning. Foot traffic at the center has seen significant growth, with visits up +1.0% YoY, +17.3% Yo2Y, and +20.4% Yo3Y (Source: Placer.ai). Located in Aurora, CO, the third-largest city in the state, Granada Park benefits from proximity to a thriving community of nearly 400,000 residents, just 10 miles east of Downtown Denver. Aurora is home to notable landmarks such as Buckley Space Force Base and UCHealth’s Anschutz Medical Campus, which includes the University of Colorado Hospital, Rocky Mountain VA Medical Center, and Children’s Hospital. Additionally, Denver International Airport (DIA), the third-busiest airport in the U.S., is located only 12 miles northeast of Aurora.

FOR SALE DETAILS

PRICE

$11,500,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Granada Park Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

280

LAND DETAILS

LAND ACRES

5.39 AC

LAND SF

234,788 SF

ZONING

MU-C (Mixed Use Corridor)

APN/PARCEL ID

1975-17-3-18-011

ASK ABOUT THIS PROPERTY

Robert EdwardsBlue West Capital, LLC.More Info
720-966-1630

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Robert EdwardsBlue West Capital, LLC.More Info
720-966-1630

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