Hoff & Leigh is excited to present this great multi-tenant retail investment property For Sale at 8020 Federal Boulevard. Situated in Westminster only 15 minutes from Downtown Denver, this high-demand retail asset at the corner of Federal Blvd and 80th Ave has stabilized cashflow and offers an exceptional opportunity for investors.
This two-story, two-building property features 12 retail units on NNN leases with a diverse tenant mix providing steady rental income. With Westminster’s increasing population and attraction, the property benefits from high car counts, consistent foot traffic, strong tenant demand, and long-term value appreciation.
8020 Federal Blvd currently generates a Net Operating Income (NOI) of $161,833, with a Proforma NOI of $187,721.
Current CAP Rate 5.78%, with a Proforma CAP Rate of 6.71%.
8020 Federal Blvd Highlights:
• List Price $2,799,000 ($278/sf)
• 10,070 SF Gross Leasable Area
• 0.45 Lot Size (19,602 SF)
• NNN leases with base rent annual escalations
• NOI (Current): $161,833
• CAP Rate (Current): 5.78%. CAP Rate (Proforma): 6.71%.
• 12 units (11 units 760-845sf, 1 unit 1250sf)
• 1976 Build (Masonry)
• 2 buildings (One 1-story, One 2-story)
• 2 parking lots (40 spaces)
• Monument signage (double-sided, illuminated)
• Great tenant mix
• Roof in great condition, less than 10-yrs old
• High traffic count and visibility on Federal Blvd
• Growing market in Westminster
• Zoning: B-1 (Westminster)