401 Sable Blvd Aurora, CO 80011

Property Details for 401 Sable Blvd

Year built

1987

Construction

CONCRETE BLOCKS

Lot size

0.38 lot acres

Property size

6,774 SF

Property type

Super regional malls

APN

1975-07-2-14-006

APU

197507214006

Description

This exceptional investment opportunity presents a stabilized shopping center in Aurora, Colorado, within the Denver MSA. The 146,518 square foot property sits on a 14.11-acre lot and boasts 28 tenants, achieving a 92% occupancy rate. The center features four single-story buildings with 723 parking spaces, built in 1987 and zoned MU-C (Mixed Use Corridor). The asking price is $28,950,000, representing an attractive 8.30% cap rate. Anchored by strong national and regional tenants, including Davita Dialysis, the Department of Motor Vehicles, Biomat USA, and Third Future Schools, many with long-term leases. The property benefits from a prime location, just two blocks from the 2nd and Abilene light rail station and adjacent to the I-225 and Sixth Avenue interchange, experiencing combined daily traffic counts of 56,700 vehicles. Nearby, the Griffis Fitzsimons South and Revel apartment complexes provide a substantial residential base. The property offers potential for future development, with two available pad sites and additional expansion opportunities, given its MU-C zoning. A significant $100,000+ remodel and extension was completed at the DMV location in 2018. This is a rare chance to acquire a below-replacement-cost, high-performing retail center in a thriving Denver market. The net lease structure provides a stable income stream.