9447 Park Meadows Dr - Retail FOR SALE


Lone Tree, CO 80124
$3,897,768 USD
720-291-0686
9447 Park Meadows Dr, Lone Tree, CO for Sale
$3,897,768 USD
Retail - FOR SALE
1/13
null | 7.5% Cap Rate

9447 Park Meadows Dr
Lone Tree, CO 80124


HIGHLIGHTS

  • 7.50% GOING IN CAP RATE
  • 100% OCCUPIED BY THREE AMAZON RESISTANT TENANTS - CURRENT TENANTS EXECUTED FIVE YEAR LEASE EXTENSIONS AND NEW TENANT SIGNED NEW 10 YEAR LEASE
  • CURRENT TENANTS (COCO MASSAGE & SAZON) RECENTLY EXECUTED FIVE YEAR LEASE EXTENSIONS AND NEW TENANT (MUTAO) EXECUTED NEW 10 YEAR LEASE
  • LOCATED IN THE LONE TREE ENTERTAINMENT DISTRICT WHICH IS UNDERGOING ACTIVE REDEVELOPMENTS & PROPOSED FUTURE DEVELOPMENTS
  • AVERAGE HOUSEHOLD INCOME OF $147,469 WITHIN FIVE MILES
  • PREMIER LOCATION - PARK MEADOWS TRADE AREA WITH EXTREMELY LOW VACANCY

OVERVIEW

9447 Park Meadows Drive is a three tenant retail investment opportunity located in The Entertainment District in Lone Tree, CO. The property is 100% occupied by three Amazon resistant tenants; Sazon | Mexican & Latin Restaurant, Mutao (Wellness Spa), Mutao (Beverage) and Coco Massage Spa. Located in Lone Tree, Co, the subject property is less than one mile from Park Meadows Mall, the largest enclosed shopping mall in Colorado, and is surrounded by the 12 acre former United Artist Theater site that is proposed for a mixed use redevelopment adding residential density, new retail, public plaza and pedestrian connectivity. Jack's Steakhouse, a 14,000 SF restaurant is under construction at NEC Yosemite & Park Meadows Drive and there is a new "eater-tainment" concept proposed for SEC Yosemite & Maximus Drive. RidgeGate mixed use master planned community is under construction located four miles south of 9447 Park Meadows Drive. The development includes 30,000 residents and 53 acre Star Harbor Campus commercial development.

FOR SALE DETAILS

PRICE

$3,897,768 USD

PRICE/SF

$485 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Meadows Village

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

PD, Lone Tree

APN/PARCEL ID

2231-033-05-011

ASK ABOUT THIS PROPERTY

Cody StambaughPinnacle Real Estate AdvisorsMore Info
720-291-0686

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Cody StambaughPinnacle Real Estate AdvisorsMore Info
720-291-0686

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