10445 Town Ctr Dr Westminster, CO 80021-6092

Property Details for 10445 Town Ctr Dr

Year built

2006

Construction

STEEL FRAME

Lot size

1.02 lot acres

Property size

4,811 SF

Property type

Retail space

APN

29-114-03-045

APU

2911403045

Description

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.