Granada Park Shopping Center
15401 E Mississippi Ave, Aurora, CO 80017
Fully occupied Aurora shopping center with strong tenant longevity.
Type:Retail
Property size:
70,955 SFPrice / SF:
$155/SF- Added:
- Feb 1, 2026
- Days on Market:
- 111
- Last Refresh:
- Mar 17 at 1:20 pm
Property Features for 15401 E Mississippi Ave
General Information
- Standard status
- Active
- Size
- 70,955 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1982
Listing agent Austin Snedden License #FA100080083
Listing office JLL - Denver, Colorado
Listing date Feb 1, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of JLL - Denver, Colorado
HighLights
- 100% Occupancy with a weighted average lease term of 7.5 years provides immediate and stable income.
- Located directly across from King Soopers, Colorado's #1 Grocer, driving significant customer traffic.
- High visibility and accessibility attract over 1.7 million visitors annually.
- Located in a densely populated neighborhood with nearly 400,000 people within a 5‑mile radius and an average household income approaching $100,000.
- Significant discount to replacement cost offers an attractive acquisition opportunity.
- Surrounded by major national retailers (Walmart, Sam's Club, Target, Best Buy) within a 1‑mile radius.
Overview
Granada Park is a 70,955 square foot neighborhood shopping center located off of S Chambers Road and E Mississippi in Aurora, Colorado. The center is 100% occupied and has a weighted average lease term of 7.5 years. The site attracts over 1.7M visitors annually. The 8-tenant shopping center sits directly across from King Soopers. The property is surrounded by major national retailers, including Walmart, Sam’s Club, Target, and Best Buy, all within a 1-mile radius. The investment is supported by dense residential neighborhoods, with nearly 400,000 people in a 5-mile radius and an average household income approaching $100,000.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$10.00M
NOI $899,844 @ 9.00% cap · cautious / downside scenario
Moderate
$12.85M
NOI $899,844 @ 7.00% cap · market / base-case scenario
Aggressive
$18.00M
NOI $899,844 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.40M | $19.80 |
| − Vacancy | −$119.4k | −$1.68 |
| EGI | $1.29M | $18.12 |
| − OpEx | −$385.6k | −$5.44 |
| NOI | $899.8k | $12.68 |
70,955 SF · lease $19.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$12.85M
$11.25M – $15.00M
NOI $899,844 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$19.83M
$17.35M – $23.13M
NOI $1,387,880 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Places Nearby
- Colorado MV Express Kiosk — 15250 E Mississippi Ave, Aurora, CO 80012
- Coinstar Kiosk - Bitcoin ATM — 12200 E Mississippi Ave Safeway, Aurora, CO 80014
- Coinstar Kiosk | Bitcoin ATM — Kroger - King Soopers, 15250 E Mississippi Ave, Aurora, CO 80012
- Village Green Plaza Shopping Center — 15044 E Mississippi Ave, Aurora, CO 80012
- Coinstar Kiosk — safeway, 12200 e mississippi ave, aurora, co 80012-3454
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.8087156
- Latitude
- 39.6977863
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Fully occupied Aurora shopping center with strong tenant longevity.
Where is this shopping center located?
The property is located at 15401 E Mississippi Ave Aurora, CO.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: 100% Occupancy with a weighted average lease term of 7.5 years provides immediate and stable income.; Located directly across from King Soopers, Colorado's #1 Grocer, driving significant customer traffic.; High visibility and accessibility attract over 1.7 million visitors annually.
