7059 Lowry BlvdDenver, CO 80230

For Sale
$11,848,000

High-yield grocery store, Denver, CO.

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity presents a brand-new, Class A, 24,944-square-foot grocery store in Denver, Colorado. Located at 7059 E Lowry Blvd, in the Lowry neighborhood, this single-tenant, free-standing building boasts a strong 10.1-year absolute NNN lease with Clark's Market, commencing May 1, 2023, and expiring May 31, 2033. The lease includes three five-year renewal options at fixed rents with 10% increases every five years. The property sits on a 0.8-acre lot and benefits from a 5.00% cap rate and a substantial net operating income (NOI) of $592,420. Built in 2023, this property enjoys 100% occupancy and is situated near the award-winning Exchange at Boulevard One mixed-use development, providing excellent visibility and access to a thriving community. The asking price is $11,848,000, translating to $474.98 per square foot. This fee-simple ownership offers a secure and lucrative investment opportunity in a prime Denver location with convenient access to Downtown Denver, Cherry Creek North, and the Denver Tech Center. The property is offered as-is, where-is, free and clear of existing debt.

Highlights

  • Brand-new, 24,944-square-foot Class A grocery store in Denver's Lowry neighborhood.
  • Single-tenant, free-standing building with a strong 10.1-year absolute NNN lease to Clark's Market.
  • Lease commenced May 1, 2023, and includes three 5-year renewal options with 10% rent increases.
  • 0.8-acre lot, 5.00% cap rate, and $592,420 NOI.
  • Asking price: $11,848,000 ($475/SF).

Property Details for 7059 Lowry Blvd

Property type
Other retail properties, Individual retail properties
Square Feet
24,944 SF
Class
A
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
34,848 SF
Units
1

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.7168921
Longitude
-104.9063297
7059 Lowry Blvd, Denver, Colorado

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7059 Lowry Blvd
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