27152 Main St, Conifer, CO 80433

This offering features two corporate-signed Safeway investment properties in Conifer, Colorado, approximately 40 minutes from Denver. The properties include a 65,000-square-foot Safeway grocery store and a 1.19-acre gas station fuel pad. Safeway recently exercised their first renewal options on both leases, with over six years remaining on the current lease terms and nine remaining five-year options to extend. Both leases are structured as NNN with corporate signatures. In 2023, the grocery store underwent renovations and integrated the adjoining liquor store under the Safeway brand. The Safeway at Conifer Town Center ranks in the top 15% of grocery stores in the state by foot traffic. The property benefits from limited competition, with the next closest Safeway located more than 8 miles away and significant barriers to entry for new development in the trade area. Situated off U.S. Highway 285 (22,000 VPD), the property provides immediate grocery and gas station services for locals and highway travelers. It serves as the anchor tenant to Conifer Town Center, which features a diverse tenant lineup. Nearby tenants include Natural Grocers, Starbucks, Sonic, Staples, O’Reilly Auto Parts, and Anytime Fitness. The site is near Conifer Senior High School, increasing consumer traffic. The 5-mile trade area includes approximately 14,325 residents and 3,308 employees. Residents within 5 miles of the property have an average household income of $182,576.