Description

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present the rare opportunity to acquire University Park (the "Property"), an institutional quality, Whole Foods anchored shopping center in Highlands Ranch, Colorado. The center totals 88,618 square feet and is 98.5% leased, with a weighted average lease term of 4.6 years and nearly 13 years of average tenant tenure, reflecting a stable, long-standing tenant base.

Highlands Ranch sits within Colorado's wealthiest county, with an average household income exceeding $213,000. That density and affluence are reflected in the center's tenant mix, anchored by the only Whole Foods in Highlands Ranch, which generates sales exceeding $1,150 PSF, Chase Bank, Five Guys, Starbucks, Jersey Mikes, Circle K, and newly executed leases with SweatHouz and Elan Lash and Head Spa.

University Park offers investors a rare chance to acquire a generational, core grocery anchored asset in an irreplaceable location, with meaningful upside through contractual rent growth reflecting a 2.6% 10-year CAGR.

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