Shops at Pueblo
For Sale
Contact for pricing
5821 N Elizabeth St, Pueblo, CO 81008
Two-tenant strip center adjacent to Pueblo Crossing Shopping Center.
Property Size9,878 SF
Price / SF$260.17
Days on Market256
Property Features for 5821 N Elizabeth St
General Information
Standard status
Active
Size
9,878 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Core+
Net Operating Income
$167,067
Building Details
Year Built
2005
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
CBRE - Denver Downtown
Listed By:
Matthew Henrichs · License #CO FA.100007009
Source:
Crexi
Added: Jan 27
Changed: Oct 9
Last Checked: Oct 9 at 8:18PM
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
Investment Insights
Based on property information with market context.
The Shops at Pueblo Crossing-North is a 9,878-square-foot, two-tenant strip center. The property is positioned as an outparcel to Pueblo Crossing, a dominant retail center in Pueblo. The property is 100% leased to Buffalo Wild Wings and America's Best Contacts & Eyeglasses under NNN leases. The property has not incurred a vacancy in over 10 years. Located adjacent to the Pueblo Crossing Shopping Center, the most visited community center within 30 miles, drawing 2.5 million visits annually. The center features a variety of goods and services, including clothing, sporting goods, health and wellness, and discount goods. The Shops at Pueblo Crossing-North has visibility to Interstate-25, the primary north-south traffic artery through the Pueblo metro area, with traffic counts exceeding 75,000 vehicles per day.
Key Highlights
- 100% NNN Leased to Buffalo Wild Wings & America's Best Contacts & Eyeglasses.
- Located adjacent to Pueblo Crossing Shopping Center, the #1 most visited community center within 30 miles, drawing 2.5 million annual visits.
- Located with visibility to Interstate‑25 with traffic counts over 75,000 vehicles per day.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,957
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,819,140
$1.8M
Cap Rate 7%
$1,299,386
$1.3M
Cap Rate 9%
$1,010,633
$1.0M
Market Conditions
NOI Build-Up for 9,878 SF
Gross rent
$137.5K $13.92/SF
− Vacancy
−$7.6K −$0.77/SF
EGI
$129.9K $13.15/SF
− OpEx
−$39.0K −$3.95/SF
NOI
$91.0K $9.21/SF
Area
Pueblo, CO
Vacancy
5.50%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,819,140
Cap Rate 7%
$1,299,386
Cap Rate 9%
$1,010,633
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.52M
NOI $90,957 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,087 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Explore this area
Business Placement
Demographics for 81008, CO
11,868
Population
5,302
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
94%
High-School Grad
102.2 sq mi
ZIP Area
116
Density / Sq Mi
$68,389
Median Household Income
$45,445
Median Earnings
$1,396
Median Rent
$280,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Two-tenant strip center adjacent to Pueblo Crossing Shopping Center.
Where is this strip mall located?
The property is located at 5821 N Elizabeth St Pueblo, CO.
What is the asking price?
The asking price for this property is $2,570,000.
What are key features of this property?
This property features: 100% NNN Leased to Buffalo Wild Wings & America's Best Contacts & Eyeglasses.; Located adjacent to Pueblo Crossing Shopping Center, the #1 most visited community center within 30 miles, drawing 2.5 million annual visits.; Located with visibility to Interstate‑25 with traffic counts over 75,000 vehicles per day.
