Palmer Plaza

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to offer investors the opportunity to acquire the 100% fee interest in Palmer Plaza (“The Property”), 21,316 square feet of high profile retail shops located in Northglenn, Colorado. The center is 98% leased, includes 9 tenants and is anchored by Sherwin-Williams, benefiting from a strong mix of service tenants including Abbey Carpet & Tile, RE Fitness and Nutrition, Tokyo Teriyaki, and Sunshine Nails. Situated directly adjacent to Natural Grocers, the Property benefits from the consistent foot traffic and customer draw generated by this popular grocery anchor. This highly trafficked retail corridor provides a consumer base of 325,305 people with a healthy average household income of over $118,000.

Palmer Plaza is ideally positioned along Washington Street, which sees over 25,000 vehicles per day, providing excellent accessibility and visibility. The Property, built in 1987, features a diverse tenant mix of unique local businesses and national tenants with strong historical occupancy.

The Property represents the lowest retail rents in an active retail corridor that is underrepresented with in-line shop space, allowing ownership to invest in the asset and increase lease rates. Palmer Plaza’s ideal location, high visibility, and below market average lease rates of $14.97 per square foot offer an investor an outstanding investment opportunity.