For Sale
$10,300,000

14505 Alameda AveAurora, CO 80012

Prime Aurora shopping center, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Class A shopping center, built in 2021, offers 24,985 square feet of retail space across three buildings on a 0.836-acre lot in Aurora, Colorado. The property boasts 14 units currently occupied by 13 tenants, including well-known brands like Five Guys, The Halal Guys, Einstein Bros. Bagels, Cheba Hut, Playa Bowls, and RareTea. The center benefits from a triple-net (NNN) lease structure with franchisee tenants, providing a stable income stream. With a 6.50% cap rate and a net operating income (NOI) of $668,570, this investment opportunity presents a compelling return. The property is strategically located at the intersection of Alameda Avenue and Stable Boulevard, experiencing high traffic volume exceeding 64,000 vehicles per day. Its proximity to a large apartment complex and the Town Center at Aurora mall ensures consistent customer flow. Ample parking is available with 157 spaces. The property's strong leasing momentum, with multiple letters of intent, indicates significant growth potential. The asking price is $10,300,000, translating to $412.25 per square foot. This location is within a high-density consumer area, with a significant population and substantial spending on food and entertainment within a close radius. The area also benefits from the presence of major employers, including the Fitzsimons Medical District, Buckley Space Force Base, and Aurora Municipal Center. Aurora's robust multifamily development further enhances the property's long-term prospects.

Highlights

  • Class A, newly constructed multifamily property, nearing 90% occupancy.
  • High-traffic location with over 64,000 vehicles per day on Stable Blvd and Alameda Ave; convenience retail tenant base.
  • Strong tenant lineup including Five Guys, Cheba Hut, and Einstein Bros.; excellent leasing activity with multiple Letters of Intent.
  • Prime Aurora retail corridor location, across from Aurora City Place and Town Center at Aurora Regional Mall.
  • Anchored by leading national retailers including Chick-fil-A, Raising Cane's, In-N-Out, Five Guys, and Einstein Bros.
  • High-density location with 345,000 people within a 5-mile radius and $600 million in food and entertainment spending within a 3-mile radius; adjacent to the Metro Center Light Rail Station.

Property Details for 14505 Alameda Ave

Property type
Lifestyle centers, Power centers
Square Feet
24,985 SF
Class
A
Year Built
2021
Buildings
3
Stories
1
Lot Size (sq. ft)
36,416 SF
Units
14

Location Insight

City
Aurora
County
Arapahoe
State
Colorado
Latitude
39.711215964635
Longitude
-104.81851024713
14505 Alameda Ave, Aurora, Colorado

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14505 Alameda Ave
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