14505 Alameda Ave Aurora, CO 80012-2640

Property Details for 14505 Alameda Ave

Year built

2019

Construction

FRAME

Lot size

0.29 lot acres

Property size

8,700 SF

Zone code

PUD

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1975-07-4-42-001

APU

197507442001

Description

This exceptional Class A shopping center, built in 2021, offers 24,985 square feet of retail space across three buildings on a 0.836-acre lot in Aurora, Colorado. The property boasts 14 units currently occupied by 13 tenants, including well-known brands like Five Guys, The Halal Guys, Einstein Bros. Bagels, Cheba Hut, Playa Bowls, and RareTea. The center benefits from a triple-net (NNN) lease structure with franchisee tenants, providing a stable income stream. With a 6.50% cap rate and a net operating income (NOI) of $668,570, this investment opportunity presents a compelling return. The property is strategically located at the intersection of Alameda Avenue and Stable Boulevard, experiencing high traffic volume exceeding 64,000 vehicles per day. Its proximity to a large apartment complex and the Town Center at Aurora mall ensures consistent customer flow. Ample parking is available with 157 spaces. The property's strong leasing momentum, with multiple letters of intent, indicates significant growth potential. The asking price is $10,300,000, translating to $412.25 per square foot. This location is within a high-density consumer area, with a significant population and substantial spending on food and entertainment within a close radius. The area also benefits from the presence of major employers, including the Fitzsimons Medical District, Buckley Space Force Base, and Aurora Municipal Center. Aurora's robust multifamily development further enhances the property's long-term prospects.