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770 Gold Hill Place hl
Woodland Park, CO 80863
Gold Hill Shops · Retail Property For Sale
Investment Highlights
- VALUE-ADD MULTI-TENANT RETAIL OPPORTUNITY
- NO USE RESTRICTIONS, RARELY SEE ADJACENT TO GROCER
- GROCERY SHADOW ANCHORED – GOLD HILL MARKETPLACE
- HIGH BARRIERS TO ENTRY IN SUPPLY CONSTRAINED MOUNTAIN TOWN
Executive Summary
VALUE-ADD MULTI-TENANT RETAIL OPPORTUNITY
The 15,000 SF subject property is currently 27.48% occupied with a 10,878 SF junior box
vacancy remaining. The vacancy is adjacent to a City Market (Kroger) grocery store, exposing
the existing vacancy to plentiful consumer foot traffic.
GROCERY SHADOW ANCHORED – GOLD HILL MARKETPLACE
The subject property is a part of Gold Hill Marketplace, a 90,142-grocery anchored (City Market)
shopping center. The center’s City Market saw over 560K visits per Placer.ai in the trailing
twelve months, providing ample foot traffic. City Market is King Soopers’ (Kroger) trade name
within mountain towns in Colorado.
NO USE RESTRICTIONS, RARELY SEE ADJACENT TO GROCER
Leasing the 10,878 SF vacancy is at $10.00/SF + NNN expenses is projected to bring the property’s
net operating income to $168,597. Stabilizing the asset would equate to a cap rate of 11.24%.
HIGH BARRIERS TO ENTRY IN SUPPLY CONSTRAINED MOUNTAIN TOWN
There has not been a retail building delivered in Woodland Park over the last five years. The
last completed retail project was in 2019 when a 13,337 SF Natural Grocers was delivered to
the southeast end of town. The scarcity of developable retail land creates demand for welllocated
retail space in Woodland Park like the subject property.
The 15,000 SF subject property is currently 27.48% occupied with a 10,878 SF junior box
vacancy remaining. The vacancy is adjacent to a City Market (Kroger) grocery store, exposing
the existing vacancy to plentiful consumer foot traffic.
GROCERY SHADOW ANCHORED – GOLD HILL MARKETPLACE
The subject property is a part of Gold Hill Marketplace, a 90,142-grocery anchored (City Market)
shopping center. The center’s City Market saw over 560K visits per Placer.ai in the trailing
twelve months, providing ample foot traffic. City Market is King Soopers’ (Kroger) trade name
within mountain towns in Colorado.
NO USE RESTRICTIONS, RARELY SEE ADJACENT TO GROCER
Leasing the 10,878 SF vacancy is at $10.00/SF + NNN expenses is projected to bring the property’s
net operating income to $168,597. Stabilizing the asset would equate to a cap rate of 11.24%.
HIGH BARRIERS TO ENTRY IN SUPPLY CONSTRAINED MOUNTAIN TOWN
There has not been a retail building delivered in Woodland Park over the last five years. The
last completed retail project was in 2019 when a 13,337 SF Natural Grocers was delivered to
the southeast end of town. The scarcity of developable retail land creates demand for welllocated
retail space in Woodland Park like the subject property.
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Supermarket
Building Size
15,000 SF
Building Class
C
Year Built
1995
Price
$2,087,550 CAD
Price Per SF
$139.17 CAD
Percent Leased
27%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
1.01 AC
Property Taxes
| Parcel Number | 6329243360320 | Improvements Assessment | $497,575 CAD |
| Land Assessment | $53,219 CAD | Total Assessment | $550,793 CAD |
Property Taxes
Parcel Number
6329243360320
Land Assessment
$53,219 CAD
Improvements Assessment
$497,575 CAD
Total Assessment
$550,793 CAD
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