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Ken Caryl Retail Center 12652 W Ken Caryl Ave 10,000 SF 100% Leased Retail Building Littleton, CO 80127 $6,121,440 CAD ($612.14 CAD/SF) 6.35% Cap Rate
Investment Highlights
- Exceptional Tenant Mix with Attractive Net Lease Structures - 100% NNN Leased
- Irreplaceable Real Estate Fundamentals - unanchored strip center located at the Ken Caryl exit of Highway 470, and exposure to over 90,000 VPD
Executive Summary
CBRE National Retail Partners – Mountain is pleased to offer the opportunity to acquire Ken Caryl Retail Center ("The Property"), an unanchored strip center along Ken Caryl Avenue in Littleton, Colorado (Denver MSA).
The Property consists of 10,000-square feet that are 100% triple-net leased to local food & beverage, health & wellness and service tenancies: Ken Caryl Kabob, Formation LifeStyle, Pho 92, USA Cleaners and Izumi Sushi Restaurant.
Ken Caryl Retail Center offers long-term leases with contractual rent increases in a densely populated and highly affluent trade area of the Denver MSA with a population over 62,000 and average household incomes of $167,768 within a 3-mile radius. The Property is ideally positioned off at the intersection of West Ken Caryl Avenue and Shaffer Parkway. This strategic location is just a half-block from Highway-470, a circular beltway around the perimeter of the Denver metro area with daily traffic counts over 60,000, offering convenient access to the Southwest Denver suburban communities, mountain destinations and the entire metro area. The Property meets all the necessary fundamentals of a viable retail destination and benefits from the synergy and crossover traffic with surrounding retailers, including grocers Safeway and King Soopers.
Ken Caryl Retail Center is being offered free and clear of existing debt on an "as-is, where-is" basis.
The Property consists of 10,000-square feet that are 100% triple-net leased to local food & beverage, health & wellness and service tenancies: Ken Caryl Kabob, Formation LifeStyle, Pho 92, USA Cleaners and Izumi Sushi Restaurant.
Ken Caryl Retail Center offers long-term leases with contractual rent increases in a densely populated and highly affluent trade area of the Denver MSA with a population over 62,000 and average household incomes of $167,768 within a 3-mile radius. The Property is ideally positioned off at the intersection of West Ken Caryl Avenue and Shaffer Parkway. This strategic location is just a half-block from Highway-470, a circular beltway around the perimeter of the Denver metro area with daily traffic counts over 60,000, offering convenient access to the Southwest Denver suburban communities, mountain destinations and the entire metro area. The Property meets all the necessary fundamentals of a viable retail destination and benefits from the synergy and crossover traffic with surrounding retailers, including grocers Safeway and King Soopers.
Ken Caryl Retail Center is being offered free and clear of existing debt on an "as-is, where-is" basis.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
B
Year Built
2004
Price
$6,121,440 CAD
Price Per SF
$612.14 CAD
Cap Rate
6.35%
NOI
$388,711 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.40 AC
Zoning
P-D - retail zoning
Parking
64 Spaces (6.4 Spaces per 1,000 SF Leased)
Frontage
158’ on Ken Caryl Ave
Amenities
- Freeway Visibility
Nearby Major Retailers
Property Taxes
| Parcel Number | 59-322-05-005 | Improvements Assessment | $464,872 CAD |
| Land Assessment | $545,327 CAD | Total Assessment | $1,010,199 CAD |
Property Taxes
Parcel Number
59-322-05-005
Land Assessment
$545,327 CAD
Improvements Assessment
$464,872 CAD
Total Assessment
$1,010,199 CAD
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Ken Caryl Retail Center | 12652 W Ken Caryl Ave
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