Pizza Hut - Parker, CO SLB
10535 S Parker Rd, Parker, CO, 80134, US
PLN 5,559,000 | 389 m²
Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to offer investors the opportunity to acquire Marston Park Plaza (“The Property”), a 90,200 square-foot, highly sought-after shopping center in Littleton, Colorado. The center is 88% leased, includes 18 tenants, and is located at the intersection of S Wadsworth Blvd and W Belleview Ave, which sees nearly 74,000 vehicles per day. The center differentiates itself with a robust lineup of inline spaces and highly competitive lease rates, setting it apart from competing centers.
Located within the main Wadsworth retail corridor, this retail node benefits from affluent residents with a high level of education and sustainable consumer spending, as well as an abundance of national retailers including Costco, Target, Best Buy, and more. The property sits at a high-traffic intersection, with an impressive lineup of popular retailers including Whole Foods and a newly opened Sprouts, alongside Total Wine & More, and Lowe’s. Marston Park Plaza comprises convenience-oriented tenants and a strong mix of national and local businesses, many of which are paying below market rents. The Property ranks in the top 9% for strip/convenience centers based on visits and has demonstrated strong historical occupancy.