Safeway Anchored Investment
27152 Main St, Conifer, CO 80433
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Safeway grocery store and gas station in Conifer, Colorado.
Type:Retail
Property size:
65,800 SFLot size:
1.19 AcresPrice / SF:
$247/SF- Added:
- Feb 9, 2026
- Days on Market:
- 148
- Last Refresh:
- Jul 2 at 11:53 am
Property Features for 27152 Main St
General Information
- Standard status
- Active
- Size
- 65,800 SF
- Lot size
- 1.19 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2006
Listing office SRS Real Estate Partners Newport Beach (480) 221-4221
Listing date Feb 9, 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 SRS Real Estate Partners Newport Beach
HighLights
- Corporate‑signed Safeway (NYSE: ACI) with a 65,000 SF grocery store and gas station fuel pad for a secure investment.
- NNN leases with over six years remaining and nine (9) five‑year renewal options, offering a stable, low‑management investment.
- Located in affluent Conifer, CO, with a high average household income of $182,576 within a 5‑mile radius.
- Safeway ranks in the top 15% of grocery stores in the state by foot traffic, per Placer.ai, indicating strong performance.
- Limited competition due to significant barriers to entry and the next closest Safeway being more than 8 miles away.
- Anchor tenant in Conifer Town Center, benefiting from strong tenant synergy and proximity to Conifer Senior High School.
Overview
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.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.78M | $27.00 |
| − Vacancy | −$78.2k | −$1.19 |
| EGI | $1.70M | $25.81 |
| − OpEx | −$424.6k | −$6.45 |
| NOI | $1.27M | $19.36 |
65,800 SF · lease $27.00/SF/yr · vacancy 4.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$18.20M
$15.92M – $21.23M
NOI $1,273,822 @ 7.0% cap · market cap 7.82%
Second Best
Retail
$15.01M
$13.14M – $17.52M
NOI $1,050,975 @ 7.0% cap · market cap 6.45%
Theoretical Best
Multifamily LT 5
$146.43M
$128.13M – $170.83M
NOI $10,250,016 @ 7.0% cap · market cap 62.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
U.S. Bank Branch
Bank
Primo Water Refill ...
Big Box & Wholesale Store
Western Union
Bank
US Bank Mortgage
Loan Service
Redbox
Cinema
Similar Places Nearby
- Safeway — 27152 Main St, Conifer, CO 80433
Location Insight
- Map
- Local Demand
- City
- Conifer
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.3033854
- Latitude
- 39.5273176
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Safeway grocery store and gas station in Conifer, Colorado.
Where is this grocery and convenience store located?
The property is located at 27152 Main St Conifer, CO.
What is the asking price?
The asking price for this property is $16,283,000.
What are key features of this property?
This property features: Corporate‑signed Safeway (NYSE: ACI) with a 65,000 SF grocery store and gas station fuel pad for a secure investment.; NNN leases with over six years remaining and nine (9) five‑year renewal options, offering a stable, low‑management investment.; Located in affluent Conifer, CO, with a high average household income of $182,576 within a 5‑mile radius.
