1901-1961 Youngfield St
Golden, CO 80401
Applewood Grove · Commerce de détail Propriété À vendre

Newmark Retail Capital Markets is pleased to present the exclusive offering of Applewood Grove Shopping Center, a 68,284-square-foot neighborhood retail center prominently positioned along Youngfield Street in Golden, Colorado - one of metro Denver's most dynamic and rapidly evolving retail corridors. The Property is offered free and clear of existing debt, providing a clean, unencumbered acquisition structure with maximum flexibility for the incoming investor.
Applewood Grove represents a true value-add opportunity in a highly amenitized submarket with significant growth. At 63% occupancy and in-place rents averaging approximately 36% below prevailing market rents, the Property offers an executable leasing business plan supported by robust market fundamentals, a compelling renovation budget already underwritten in the financial model, and a path to stabilization projected at 99% occupancy by Year 3. The combination of a demonstrable mark-to-market rent uplift, marketable vacancy, significant near-term rollover, coupled with a comprehensive capital improvement program positions Applewood Grove to generate substantial incremental value over a three-to-five-year investment horizon and beyond.
The Property is surrounded by some of the most successful and recognizable retail development in the greater Denver metropolitan area - anchored by the transformative Clear Creek Crossing mixed-use destination by industry leader Evergreen Development, the dominant King Soopers-anchored Applewood Village center owned and operated by national public REIT Regency Centers, and the newly relocated, category-defining Whole Foods Market within Simon Property Group's Denver West Village immediately to the south. This institutional-caliber submarket context underscores the Property's leasing velocity potential and the long-term durability of renter demand.
VISIT DEAL PAGE: https://platform.reverecre.com/project/b14a72f5-e884-404a-a234-00ba76abfe27