462-478 Malley Dr Northglenn, CO 80233

Property Details for 462-478 Malley Dr

Year built

1978

Lot size

2.14 lot acres

Property size

14,472 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 14,472 square-foot shopping center in Northglenn, Colorado presents a compelling investment opportunity. Boasting a 100% occupancy rate across six tenants, all operating under triple-net (NNN) leases, this stabilized property offers passive ownership with minimal management responsibilities. The weighted average lease term stands at 6.9 years, providing long-term income security. Annual rental increases average 2.65%, effectively hedging against inflation. Situated on a 2.14-acre lot at a high-traffic intersection (Malley Dr and Washington St, with 15,190 and 31,282 vehicles per day respectively), the center benefits from over 1.1 million annual visitors. A major tenant, a cannabis dispensary, occupies 44% of the gross leasable area (GLA) and exhibits strong financial performance. The property's location within a densely populated, affluent area (147,168 residents within 3 miles, average household income ~$117,000) further enhances its appeal. Built in 1978, the property is zoned CG - Commercial General. The asking price is $3,874,000, representing a 9.00% capitalization rate and a price per square foot of $267.69. The Net Operating Income (NOI) is $348,699. The property consists of seven units. This is a rare opportunity to acquire a stable, high-performing retail investment in a prime location.

Location Insight

City

Northglenn

County

Adams

State

Colorado

Longitude

-104.981

Latitude

39.9024