3541 Harmony RdFort Collins, CO 80528

For Sale
$14,400,000

High-yield retail investment, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional Class A, 25,701 square-foot retail center in Fort Collins, Colorado, presents a compelling investment opportunity. Located at 3541 & 3581 E Harmony Rd, this stabilized property boasts a 7.24% cap rate and a strong NOI of $1,042,311. Built in 2017, the two single-story buildings house ten tenants across a diverse, internet-resistant mix, primarily focused on food and beverage, with no large-format box spaces. The property benefits from a prime location on Harmony Road, a major east-west arterial with approximately 102,000 vehicles passing daily, and is situated within the 105-acre Harmony Technology Park, surrounded by significant employers including Intel, Banner Medical Center, HP, and Broadcom. The area demonstrates robust demographics, with 52,000 residents within a 3-mile radius and an average household income of $144,000. The property's strategic location, one mile from I-25, ensures excellent accessibility. With a 100% occupancy rate and built-in rent bumps, this NNN-leased multi-tenant property offers a secure and lucrative investment. The weighted average remaining lease term is slightly over four years, providing long-term stability. The modern architecture and efficient layout, including attractive outdoor seating areas, contribute to the property's appeal. The property's proximity to Fossil Ridge High School and other schools further enhances its desirability. The asking price is $14,400,000, representing a price per square foot of $560.29. This is a rare opportunity to acquire a high-performing retail asset in a thriving Colorado market.

Highlights

  • 100% occupied, NNN-leased retail center with a weighted average remaining lease term (WALT) of slightly over four years.
  • 2017-built, Class A retail center featuring modern architecture and attractive outdoor seating areas.
  • Strong daytime population of 7,609 employees within a 1-mile radius, anchored by Intel, Banner Health, HP, and Broadcom.
  • Located within the 105-acre Harmony Technology Park, a master-planned development.
  • Proximity to Fossil Ridge High School and other schools.
  • Excellent demographics: 52,000 residents within a 3-mile radius, average household income of $144,000.

Property Details for 3541 Harmony Rd

Property type
Lifestyle centers, Power centers
Square Feet
25,701 SF
Class
A
Year Built
2017
Buildings
2
Stories
1
Lot Size (sq. ft)
126,324 SF
Units
10

Location Insight

City
Fort Collins
County
Larimer
State
Colorado
Latitude
40.5228169
Longitude
-105.0121387
3541 Harmony Rd, Fort Collins, Colorado

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3541 Harmony Rd
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