Signalized-Corner Strip
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15470 ANDREWS DR, Denver, CO 80239
Unanchored retail center with 100% triple-net occupancy and long-term leases featuring annual increases.
Property Size11,764 SF
Price / SF$467.53
Days on Market50
Property Features for 15470 ANDREWS DR
General Information
Standard status
Active
Size
11,764 SF
Property subtype
Retail
Occupancy
100%
Site & Location
Neighborhood
Gateway - Green Valley Ranch
Corner Location
Yes
Traffic Count
50,700 vehicles/day
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
CBRE - Denver Downtown
Listed By:
Matthew Henrichs · License #CO FA.100007009
Source:
Crexi
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 26 at 2:27PM
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 CBRE - Denver Downtown
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Investment Insights
Based on property information with market context.
Shops at Gateway Park is an 11,764-square-foot unanchored strip center positioned at the signalized intersection of Chambers Road and 40th Avenue. The property is 100% leased on a triple-net basis to a mix of national and local tenants, including Qdoba, Subway, and Pizza Hut. Long-term leases include annual increases, and the center has recorded no vacancy in nearly 15 years.
The retail property is part of the 1,200-acre Gateway Park multiuse development near Denver International Airport and Interstate-70 in Denver, Colorado. The surrounding trade area includes residential communities, hotels, and retailers such as Starbucks, Walmart, Taco Bell, and Circle K. Reported traffic at the intersection exceeds 50,700 vehicles per day, while the three-mile radius includes 113,400 residents.
The retail property is part of the 1,200-acre Gateway Park multiuse development near Denver International Airport and Interstate-70 in Denver, Colorado. The surrounding trade area includes residential communities, hotels, and retailers such as Starbucks, Walmart, Taco Bell, and Circle K. Reported traffic at the intersection exceeds 50,700 vehicles per day, while the three-mile radius includes 113,400 residents.
Key Highlights
- 11,764‑square‑foot unanchored strip center
- 100% leased under triple‑net agreements
- Long‑term leases include annual increases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,055
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,481,100
$3.5M
Cap Rate 7%
$2,486,500
$2.5M
Cap Rate 9%
$1,933,944
$1.9M
Market Conditions
NOI Build-Up for 11,764 SF
Gross rent
$258.3K $21.96/SF
− Vacancy
−$9.7K −$0.82/SF
EGI
$248.6K $21.14/SF
− OpEx
−$74.6K −$6.34/SF
NOI
$174.1K $14.80/SF
Area
ZIP 80239
Vacancy
3.75%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,481,100
Cap Rate 7%
$2,486,500
Cap Rate 9%
$1,933,944
Alternative Uses
Best Use
Retail
$2.49M
$2.18M – $2.90M
NOI $174,055 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.79M
$3.31M – $4.42M
NOI $264,952 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
50,700 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
129k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Shops & Services 28%
Maverik Adventures First Stop
Shops & Services
17,458 visits/mo
0.4 miles
Wendy's
Dining
16,283 visits/mo
0.0 miles
Popeyes Louisiana Kitchen
Dining
15,604 visits/mo
0.1 miles
Starbucks
Dining
14,349 visits/mo
0.1 miles
Jack in the Box
Dining
10,311 visits/mo
0.4 miles
Demographics for 80239, CO
46,177
Population
13,892
Households
3.3
Avg Household Size
30
Median Age
18%
College-Educated
76%
High-School Grad
10.3 sq mi
ZIP Area
4,483
Density / Sq Mi
$86,661
Median Household Income
$41,106
Median Earnings
$1,903
Median Rent
$394,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Denver, CO
Frequently Asked Questions
What type of property is this?
Strip mall - Unanchored retail center with 100% triple-net occupancy and long-term leases featuring annual increases.
Where is this strip mall located?
The property is located at 15470 ANDREWS DR Denver, CO.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 11,764‑square‑foot unanchored strip center; 100% leased under triple‑net agreements; Long‑term leases include annual increases
