Single-Tenant Grocery with Fuel
For Sale
Contact for pricing
27102 Main St, Conifer, CO 80433
Safeway grocery single-tenant site with an associated fuel pad and a recently-extended lease.
Property Size65,800 SF
Price / SF$253.34
Days on Market138
Property Features for 27102 Main St
General Information
Standard status
Active
Size
65,800 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Net Operating Income
$1,058,417
Additional Details
Business Included
Yes
Building Details
Year Built
2006
Buildings
2
Stories
1
Tenancy
Single
Listing Agency:
ParaSell Inc
Listed By:
Scott Reid · License #9009637
(949) 942-6585
Source:
Crexi
Added: Apr 20
Changed: Aug 31
Last Checked: Aug 29 at 11:36PM
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 ParaSell Inc
Investment Insights
Based on property information with market context.
This offering includes a Safeway single-tenant grocery store along with a fuel pad. The property is described as part of a Safeway location within 15 miles, with a 20-year operating history referenced by Placer.ai. The lease has recently been extended, reflecting continued long-term commitment.
The property is located at 27102 Main St in Conifer, Colorado. Public remarks also cite an affluent household income level ($192,000 AHHI) within a 1-mile radius and a Denver MSA population of 3.4 million, supporting the surrounding retail demand context referenced in the listing materials.
The property is located at 27102 Main St in Conifer, Colorado. Public remarks also cite an affluent household income level ($192,000 AHHI) within a 1-mile radius and a Denver MSA population of 3.4 million, supporting the surrounding retail demand context referenced in the listing materials.
Key Highlights
- Single‑tenant Safeway grocery site with an associated fuel pad
- Fuel pad included with the Safeway location
- Recently extended lease for the single‑tenant Safeway property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,273,822
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$25,476,440
$25.5M
Cap Rate 7%
$18,197,457
$18.2M
Cap Rate 9%
$14,153,578
$14.2M
Market Conditions
NOI Build-Up for 65,800 SF
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.
Gross rent
$1.78M $27.00/SF
− Vacancy
−$78.2K −$1.19/SF
EGI
$1.70M $25.81/SF
− OpEx
−$424.6K −$6.45/SF
NOI
$1.27M $19.36/SF
Area
Jefferson County, CO
Vacancy
4.40%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$25,476,440
Cap Rate 7%
$18,197,457
Cap Rate 9%
$14,153,578
Alternative Uses
Best Use
Specialty Retail
$18.20M
$15.92M – $21.23M
NOI $1,273,822 @ 7.0% cap · market cap 7.64%
Second Best
Retail
$15.01M
$13.14M – $17.52M
NOI $1,050,975 @ 7.0% cap · market cap 6.30%
Theoretical Best
Multifamily LT 5
$146.43M
$128.13M – $170.83M
NOI $10,250,016 @ 7.0% cap · market cap 61.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
61k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 55%
Dining 32%
Shops & Services 12%
Beauty & Spa 1%
Safeway
Groceries
27,089 visits/mo
0.1 miles
Starbucks
Dining
10,329 visits/mo
0.2 miles
SONIC Drive In
Dining
9,090 visits/mo
0.1 miles
Safeway Gas
Shops & Services
7,209 visits/mo
0.0 miles
Natural Grocers
Groceries
6,625 visits/mo
0.1 miles
Demographics for 80433, CO
8,209
Population
3,578
Households
2.3
Avg Household Size
48
Median Age
57%
College-Educated
98%
High-School Grad
66.5 sq mi
ZIP Area
123
Density / Sq Mi
$128,580
Median Household Income
$73,650
Median Earnings
$2,651
Median Rent
$697,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Safeway — 27152 Main St, Conifer, CO 80433
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Safeway grocery single-tenant site with an associated fuel pad and a recently-extended lease.
Where is this grocery and convenience store located?
The property is located at 27102 Main St Conifer, CO.
What is the asking price?
The asking price for this property is $16,670,000.
What are key features of this property?
This property features: Single‑tenant Safeway grocery site with an associated fuel pad; Fuel pad included with the Safeway location; Recently extended lease for the single‑tenant Safeway property
