785 Boulder Rd Louisville, CO 80027

Property Details for 785 Boulder Rd

Lot size

0.98 lot acres

Property size

28,190 SF

Property type

Retail properties

Property subtype

Retail space

Description

Exceptional investment opportunity: a 28,190 square foot grocery store in Louisville, Colorado, boasting a new 15-year lease with Shamrock Foods Company. This core investment property commands a $4,933,000 asking price, reflecting a 6.00% cap rate and a substantial net operating income (NOI) of $295,995. The property sits on a 0.98-acre lot with excellent visibility on East South Boulder Road (13,111 AADT), within the Centre Court mixed-use center. The lease, commencing May 20, 2024, and expiring May 31, 2039, includes rent bumps of 5% in years 7, 10, and 13, and 7% at option renewal. The tenant is responsible for most operating expenses, minimizing landlord responsibilities. The property benefits from a strong demographic profile, with a high average household income within a 5-mile radius and proximity to major retail centers and employers, including King Soopers, Sprouts, Target, Nordstrom Rack, and the University of Colorado Boulder. This strategically located asset presents a compelling opportunity for long-term, stable returns. The lease is a net lease with a single tenant and includes two three-year lease options. The price per square foot is $174.99. The property is conveniently located approximately 9 miles from Boulder and 20 miles from Denver, offering easy access to a thriving regional economy. The location is adjacent to the Louisville Sports Complex.