2321 Eisenhower BlvdLoveland, CO 80537

For Sale
$11,936,855

Colorado Grocery Store, 15+ years remaining

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity presents a fee-simple owned, 50,096 square-foot Safeway grocery store located at 2321 W Eisenhower Blvd, Loveland, CO 80537. The property boasts a strong 5.50% cap rate, generating a substantial net operating income (NOI) of $656,527. Secured by a corporate guarantee from Albertsons Companies, Inc., this absolute triple-net (NNN) lease ensures zero landlord responsibilities. The current lease, commencing July 1, 2019, and expiring June 30, 2039, offers a substantial 14.6 years remaining on the primary term, further enhanced by eight five-year renewal options. Rent increases are incorporated into the lease agreement. Built in 1984 and renovated in 2008, this single-story building sits on a spacious 196,020 square-foot lot. The property's Class A designation reflects its high quality and prime location within a thriving community. The asking price is $11,936,855, translating to a price per square foot of $238.28. This investment is ideal for those seeking a secure, long-term, passive income stream with a reputable national tenant in a desirable Colorado location. The property is 100% occupied since July 1, 2019. This offering is structured for a 1031 exchange.

Highlights

  • Safeway-anchored property with Albertsons Companies, Inc. lease guarantee.
  • 15-year initial lease term with eight 5-year options.
  • Triple-net lease; no landlord responsibilities.
  • Fee simple ownership.
  • Continuously occupied since 1984.
  • Tenant-renovated in 2004.

Property Details for 2321 Eisenhower Blvd

Property type
Other retail properties, Individual retail properties
Square Feet
50,096 SF
Class
A
Year Built/Renovated
1984/2008
Buildings
1
Stories
1
Lot Size (sq. ft)
8,538,631,200 SF
Units
1

Location Insight

City
Loveland
County
Larimer
State
Colorado
Latitude
40.40841289
Longitude
-105.10954366
2321 Eisenhower Blvd, Loveland, Colorado

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2321 Eisenhower Blvd
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