Conifer Retail for Sale - West Denver
SRS National Net Lease Group is pleased to offer the opportunity to acquire two corporate-signed (NYSE: ACI) Safeway investment properties located in Conifer, Colorado, an affluent mountain community located 40 minutes from Denver.
The offering consists of a 65,000-square-foot Safeway grocery store (fee simple ownership) and a 1.19-acre gas station fuel pad (ground lease) in Conifer Town Center. The tenant recently exercised their first renewal options in both leases and now has over six years remaining on the current lease terms, with nine (9) remaining five-year options to extend. Both leases are structured as NNN with corporate signatures, offering a stable, low-management investment opportunity ideal for passive investors.
Founded in 1915, Safeway is a leading American supermarket chain, and currently operates as a banner of Albertsons Companies (NYSE: ACI). In 2023, the grocery store underwent renovations and integrated the adjoining liquor store, now rebranded under the Safeway name, enhancing the overall customer experience. The Safeway at Conifer Town Center ranks in the top 15% of Safeway locations in the state by foot traffic, per Placer.ai. With the next closest Safeway located more than 8 miles away, and significant barriers to entry for new development in the trade area.
As of Q4 2025, no retail space above 7,500 square feet was publicly available for lease within a 10-mile radius (CoStar Group), underscoring the area’s limited competition. Conifer Town Center is particularly positioned to capitalize on the market’s traveler and full-time local traffic due to its location along Highway 285. The road is not only the town’s primary thoroughfare, but also a key link for drivers coming into Denver, as Conifer is one of the closest mountain towns to the city. This provides significant exposure to passersby and has drawn other national tenants to the vicinity, including Starbucks, Anytime Fitness, Sonic, Staples, and more, to elevate co-traffic. Conifer alone forms a robust trade area with approximately 14,325 residents and 3,308 employees within a 5-mile radius, and an average annual household income north of $180,000.
