13801 Exposition Ave Aurora, CO 80012-2519

Property Details for 13801 Exposition Ave

Year built

1983

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.62 lot acres

Property size

54,202 SF

Zone code

PUD

Property type

Super regional malls

APN

1975-18-2-06-001

APU

197518206001

Description

Aurora City Square, a 141,942-square-foot shopping center located at 13801 E Exposition Ave, Aurora, CO 80012, presents a compelling value-add opportunity. This single-story, 1983-built property sits on 10.94 acres and boasts 700 parking spaces, offering potential for outlot development. Currently 95% occupied with 19 tenants, including Jo-Ann Fabric, Reclaim Fitness, Great Clips, Chuck E. Cheese, and Sola Salon Studios, the center benefits from a strong tenant mix primarily under net leases with a remaining lease term of 4.5 years. A 6,600-square-foot vacant suite provides immediate potential to increase net operating income (NOI), currently at $1,397,519. The asking price is $18,270,000, translating to $128.71 per square foot, significantly below replacement cost. The property enjoys high visibility on Exposition Avenue, with over 550 feet of highway frontage and proximity to Interstate 225 (over 175,000 vehicles per day). Its strategic location is just south of the Town Center at Aurora, a major regional mall, and 15 minutes from downtown Denver. The surrounding area boasts strong demographics, with over 415,000 residents within a 5-mile radius and an average household income exceeding $84,600 within a 3-mile radius. Recent capital improvements include new pylon signage, parking lot enhancements, new HVAC units, and roof replacement (50%). Several tenants are currently paying below-market rent, offering further upside potential for the next owner.