785 Boulder RdLouisville, CO 80027

Exceptional investment opportunity: a 28,190 square foot grocery store in Louisville, Colorado, boasting a new 15-year lease with Shamrock Foods Company. This core investment property commands a $4,933,000 asking price, reflecting a 6.00% cap rate and a substantial net operating income (NOI) of $295,995. The property sits on a 0.98-acre lot with excellent visibility on East South Boulder Road (13,111 AADT), within the Centre Court mixed-use center. The lease, commencing May 20, 2024, and expiring May 31, 2039, includes rent bumps of 5% in years 7, 10, and 13, and 7% at option renewal. The tenant is responsible for most operating expenses, minimizing landlord responsibilities. The property benefits from a strong demographic profile, with a high average household income within a 5-mile radius and proximity to major retail centers and employers, including King Soopers, Sprouts, Target, Nordstrom Rack, and the University of Colorado Boulder. This strategically located asset presents a compelling opportunity for long-term, stable returns. The lease is a net lease with a single tenant and includes two three-year lease options. The price per square foot is $174.99. The property is conveniently located approximately 9 miles from Boulder and 20 miles from Denver, offering easy access to a thriving regional economy. The location is adjacent to the Louisville Sports Complex.