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30403 Kings Valley Dr Conifer, CO 80433

Sponsored
For Sale
$16,500,000

High-yield retail center, 55,240 sqft, 98% occupied.

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional investment opportunity presents the Kings Valley Marketplace, a two-story, 55,240-square-foot retail storefront located at 30403 Kings Valley Dr, Conifer, CO 80433. Built in 2008, this property sits on a 5.56-acre lot (APN 61-332-00-002) and boasts a current NOI of $787,814, translating to a 4.77% cap rate. A pro-forma NOI of $792,129 projects a 4.80% cap rate, reflecting significant upside potential. The property is currently 98% occupied, with the majority of substantial tenants holding leases ranging from 8 to 84 years. Recent improvements include a parking lot resurfacing exceeding $300,000. The property is zoned P-D and is situated in a thriving, affluent community with limited available space and high demand, creating a highly competitive investment environment. The property offers a long-term investment opportunity with potential for value-add strategies, such as converting leases to NNN structures and leveraging rent escalations. This presents a compelling opportunity for investors seeking strong cash flow and future appreciation in a desirable Colorado location. The asking price is $16,500,000.

Property Features for 30403 Kings Valley Dr

General Information

Property type
Individual retail properties
Lot Size
242,194 SF

Building Details

Year Built
2008
Stories
2

HighLights

  • Strong demographics: High average household income within a 5‑mile radius.
  • Long‑term, stable tenancy: Major tenants secured with leases ranging from 8 to 84 years.
  • Value‑add opportunity: Potential for increased NOI through conversion of modified gross/full‑service leases to triple‑net leases.
Property Profile Location Intelligence

Current Use by Public Records

Trexon - ConexSmart Aerospace Company Foothills Computer Service Computer Repair Service S-Tech Switch Systems Manufacturer Mountainside CBD & Wellness Health And Beauty Shop Conifer Jazzercise Fitness ... Gym

Suggested Use

Restaurant Realty agency Spa & Massage Auto Repair Shop Hotel & Motel Auto Parts Store Pharmacy Gym & Fitness Skin Care Clinic Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Conifer
County
Jefferson
State
Colorado
Longitude
-105.347656
Latitude
39.492203

FAQs

What type of property is this?
Individual retail property - High-yield retail center, 55,240 sqft, 98% occupied.
Where is this individual retail property located?
The property is located at 30403 Kings Valley Dr Conifer, CO.
What is the asking price?
The asking price for this property is $16,500,000.
What are key features of this property?
This property features: Strong demographics: High average household income within a 5-mile radius.; Long-term, stable tenancy: Major tenants secured with leases ranging from 8 to 84 years.; Value-add opportunity: Potential for increased NOI through conversion of modified gross/full-service leases to triple-net leases.
More about this property
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