Property profile

10445 Town Ctr Dr Westminster, CO 80021

OFF-MARKET
Retail space
Property ID
US13-0092090
4,811 SF 1.02 ac lot Built 2006
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 4,570 square foot, fee-simple retail property located at 10445 Town Center Drive in Broomfield, Colorado (Jefferson County, zip code 80021). The property, built in 2006 and situated on a 1.02-acre lot, is part of the Shops at Walnut Creek, a high-traffic shopping center boasting over 4.9 million annual visits. Currently 100% occupied by three tenants—Starbucks, Yampa Sandwich Company, and Floyd's Barbershop—under triple-net (NNN) leases with a remaining term of 7.1 years, this Class A property offers a stable and attractive cash flow. The strong tenant mix, including a credit-rated, corporate-guaranteed anchor tenant (Starbucks), provides significant security and predictable income. The property's location at the intersection of Church Ranch Boulevard and Highway 36 ensures high visibility and exposure to over 40,000 vehicles daily. The surrounding area features a dense and affluent population, with over 99,000 residents and average household incomes exceeding $138,000 within a three-mile radius. This Core+ investment boasts a 6.35% cap rate and a net operating income (NOI) of $171,361, with an asking price of $2,700,000 ($590.81 per square foot). The property is offered free and clear, as-is, where-is.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Construction STEEL FRAME
Total area 4,811 SF
Lot 1.02 ac (44,518 SF)
APN 29-114-03-045
UPID US13-0092090

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering
  • Cafe & Coffee Shop
  • Barber Shop

Location

10445 Town Ctr Dr Westminster, CO 80021-6092
Westminster metro Census 9827 DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2024
Last sale
$2.6M
7 recorded transactions
2024
$2.6M
2022
$55.0M
2017
Price N/A
2009
Price N/A
2007
Price N/A
2007
Price N/A
2007
$2.4M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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