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Hillside Plaza 3890 Kipling St 19,698 SF 94% Leased Retail Building Wheat Ridge, CO 80033 $8,833,500 CAD ($448.45 CAD/SF) 5.95% Cap Rate



Investment Highlights
- HIGH VISIBILITY LOCATION ON KIPLING STREET
- HEALTHY E-COMMERCE RESISTANT TENANT MIX
- LOCATED IN VIBRANT WHEAT RIDGE AREA
Executive Summary
RE/MAX Professionals is pleased to announce they have been retained to exclusively market this unique Wheat Ridge retail strip center for $6,500,000. This is a great opportunity to acquire Hillside Plaza, situated a block of West 38th Avenue and Kipling Street. Zoned C1 and highly visible with over 34,000 vehicles per day (VPD) on Kipling Street. It is perfectly situated in the desirable Wheat Ridge community and central to the Golden, Arvada, Lakewood and Downtown Denver areas. The incoming investor will benefit from stable cash flow with tremendous upside with market rents and a county approved 3,800 SF pad site. 3890 Kipling Street is an 84,844 square foot lot located on high traffic and highly visible Kipling Street. Since the property is zoned C1, it will allow for multiple uses, including an extensive ecommerce resistant tenant mix. The county approved a 3,800 SF pad site on the Northwest corner. The property is situated in the heart of Wheat Ridge and less than 5-minutes to Downtown Wheat Ridge, 8-minutes to Wheat Ridge light rail, and short drive to Downtown Denver.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Building Size
19,698 SF
Building Class
B
Year Built/Renovated
1985/2015
Price
$8,833,500 CAD
Price Per SF
$448.45 CAD
Cap Rate
5.95%
NOI
$525,593 CAD
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
2.01 AC
Zoning
C1 - Intended to accommodate neighborhood-serving retail, professional offices, and services that are compatible with nearby residential areas.
Parking
88 Spaces (4.5 Spaces per 1,000 SF Leased)
Frontage
306’ on Kipling St
Amenities
- 24 Hour Access
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Storage Space
- Monument Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
This unit is located directly beside the restaurant. It has high power, a commercial sink and a 10 X 12 drive in door. At the moment, it has a lot of buildout but Landlord is willing to do some work for the right tenant.
| Space | Size | Space Use | Position | Available |
| K | 1,250 SF | Retail | - | Now |
K
| Size |
| 1,250 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
K
| Size | 1,250 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
This unit is located directly beside the restaurant. It has high power, a commercial sink and a 10 X 12 drive in door. At the moment, it has a lot of buildout but Landlord is willing to do some work for the right tenant.
Bike Score®
Very Bikeable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | 39-223-07-010 | Improvements Assessment | $267,101 CAD |
| Land Assessment | $402,119 CAD | Total Assessment | $669,219 CAD |
Property Taxes
Parcel Number
39-223-07-010
Land Assessment
$402,119 CAD
Improvements Assessment
$267,101 CAD
Total Assessment
$669,219 CAD
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Hillside Plaza | 3890 Kipling St
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