For Sale
$8,395,000

9126 Bowles Ave Littleton, CO 80123

Littleton, CO Retail Center: High Occupancy, Value-Add

Overview

Added:
Dec 11, 2024
Days on market:
137
This Littleton, CO shopping center offers a compelling value-add opportunity. The 53,589 square foot, single-story property sits on 4.19 acres and boasts 91% occupancy with 18 tenants, including a diverse mix of service and food retailers. Located at 9126 W Bowles Ave, this fee-simple ownership opportunity features a strong tenant lineup resistant to e-commerce, with below-market rents offering significant upside potential. The property benefits from its prime location across from a major super-regional mall and other national retailers, drawing substantial traffic from a dense, affluent population. The Planned Development (P-D) zoning allows for long-term redevelopment potential. Built in 1987, the center generates a strong NOI of $608,647, representing a 7.25% cap rate on the $8,395,000 asking price. The property's location in a high-traffic area, combined with its diverse tenant mix and below-market rents, presents a significant opportunity for investors seeking strong returns and future growth. The property's strong demographics, with over 208,000 residents and 64,000 employees within a 5-mile radius, further enhance its investment appeal. The current lease structure is predominantly triple net (NNN), minimizing expense slippage. This is a rare opportunity to acquire a well-located, multi-tenant retail center with significant upside potential in a thriving Colorado market.

Highlights

  • $8,395,000 asking price for a 53,589 square foot retail property.
  • Net lease investment opportunity with a 7.25% cap rate and $608,647 NOI.
  • 91% occupancy with 18 tenants, including India-Nepal Oven, Health Source Chiropractic, and others.
  • Located at 9126 W Bowles Ave, Littleton, CO 80123, on a 4.19-acre lot.
  • Value-add opportunity with below-market rents and potential for redevelopment.

Property Details for 9126 Bowles Ave

Property type
Lifestyle centers, Power centers
Square Feet
53,589 SF
Year Built
1987
Stories
1
Lot Size (sq. ft)
182,516 SF
Units
18

Location Insight

City
Littleton
County
Jefferson
State
Colorado
Latitude
39.6085094
Longitude
-105.1014569

FAQs

What type of property is this?
Lifestyle center - Littleton, CO Retail Center: High Occupancy, Value-Add
Where is the lifestyle center located?
The property is located at 9126 Bowles Ave Littleton, CO.
What is the asking price?
The asking price for this property is $8,395,000.
What are key features of this property?
This property features: $8,395,000 asking price for a 53,589 square foot retail property.; Net lease investment opportunity with a 7.25% cap rate and $608,647 NOI.; 91% occupancy with 18 tenants, including India-Nepal Oven, Health Source Chiropractic, and others.
How can I contact the broker?
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9126 Bowles Ave
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