For Sale
$28,950,000

401 Sable BlvdAurora, CO 80011

High-yield shopping center, Denver MSA.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a stabilized shopping center in Aurora, Colorado, within the Denver MSA. The 146,518 square foot property sits on a 14.11-acre lot and boasts 28 tenants, achieving a 92% occupancy rate. The center features four single-story buildings with 723 parking spaces, built in 1987 and zoned MU-C (Mixed Use Corridor). The asking price is $28,950,000, representing an attractive 8.30% cap rate. Anchored by strong national and regional tenants, including Davita Dialysis, the Department of Motor Vehicles, Biomat USA, and Third Future Schools, many with long-term leases. The property benefits from a prime location, just two blocks from the 2nd and Abilene light rail station and adjacent to the I-225 and Sixth Avenue interchange, experiencing combined daily traffic counts of 56,700 vehicles. Nearby, the Griffis Fitzsimons South and Revel apartment complexes provide a substantial residential base. The property offers potential for future development, with two available pad sites and additional expansion opportunities, given its MU-C zoning. A significant $100,000+ remodel and extension was completed at the DMV location in 2018. This is a rare chance to acquire a below-replacement-cost, high-performing retail center in a thriving Denver market. The net lease structure provides a stable income stream.

Highlights

  • Prime opportunity to acquire a large, stabilized retail center in the Denver MSA.
  • Development potential includes two outparcels and additional buildable land.
  • Offered below replacement cost.
  • Strong tenant roster featuring DMV, Davita, Grifols Biomat, and Advanced Academy of Learning (777 students), all with long-term leases.
  • High-traffic location at 6th Avenue and I-225, boasting combined daily traffic counts exceeding 56,700 vehicles.
  • 14+ acre site with MU-C zoning allows for future expansion.

Property Details for 401 Sable Blvd

Property type
Lifestyle centers, Power centers
Square Feet
146,518 SF
Year Built
1987
Buildings
4
Stories
1
Lot Size (sq. ft)
614,632 SF

Location Insight

City
Aurora
County
Arapahoe
State
Colorado
Latitude
39.723721101589
Longitude
-104.82035866109
401 Sable Blvd, Aurora, Colorado

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401 Sable Blvd
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