Chaffee Park Plaza 2 Retail Properties Offered at $9,282,868 CAD in Denver, CO

The William Feinberg Companies, Ltd. is pleased to present for sale Chaffee Park Plaza (4801-4833 Pecos St & 1735-1755 W 48th Ave) a fully leased, 25,416 rentable square foot (RSF) retail shopping center located at the high-traffic intersection of I-70 and Pecos Street in Northwest Denver. The Center is home to 11 tenants, including regional, franchise, and local operators and is adjacent to national retailers including Save-A-Lot, Family Dollar, and 7-Eleven with gas. All leases are NNN and all have annual rent escalators. The average remaining lease term is over three years and Chaffee Park Plaza has been well maintained having invested over $2.75 million in capital improvements (approximately $110.00 per RSF) over the past 20 years. The property includes three buildings on 1.57 acres. Units are individually or sub-metered for utilities, and there is abundant parking with approximately 110 parking spaces including a parking easement behind the adjacent 7-Eleven. This is a strong, stable investment offering steady income, quality construction, and long-term upside.