2400 16th St Greeley, CO 80634-6067

This exceptional 32,672-square-foot shopping center in Greeley, Colorado, presents a compelling value-add investment opportunity. Located at 2400 W 16th St, 80634, this single-story, 1-building property boasts a 100% occupancy rate with four tenants. The property, built in 1976 and renovated in 2005, sits on a 142,344-square-foot lot zoned C-H. The current Net Operating Income (NOI) is $373,961, yielding an 8.50% cap rate, with an asking price of $4,400,000 ($134.67/sq ft). The tenant mix includes service-based businesses, offering resilience to online competition. Its prime location in a rapidly growing area of Greeley, near the North Colorado Medical Center, provides significant potential for future growth and synergy. This property benefits from its central Greeley location within a premier retail trade area and a family-friendly tenant mix. The property is offered below replacement cost, presenting a strong value proposition for investors seeking a stable, income-producing asset with upside potential. The lease type is NNN, and there is no credit rating available for the tenants.