Elk Lakes Shopping Center_Property for Sale
Elk Lakes Shopping Center_Property for Sale
2815-2833 35th Ave, Greeley, CO, 80634

Elk Lakes Shopping Center

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire Elk Lakes Shopping Center (“The Property”), a 95,321 square foot shopping center located off of Hwy 34 & 35th Ave, in Greeley, Colorado. Constructed in 2000, Elk Lakes is comprised of nine tenants, and is shadow anchored to one of the top performing Home Depot’s in Colorado. The Property is 100% leased and features a newly constructed, freestanding UCHealth. Elk Lakes features a diverse rent roll with national tenants including Pet Smart, Office Depot, Car Toys, and Mattress Firm.


The site benefits from high visibility and easy accessibility and sees over 60,000 vehicles per day. Situated in the main retail thoroughfare, it is conveniently surrounded by major retailers such as Walmart, Sam’s Club, and the Greeley Mall, all within a mile radius. Moreover, the Property offers below market rental rates, averaging $14.44, representing a significant 22% reduction compared to the submarket average. Greeley has seen exceptional growth in the past 10 years with a 31% population growth since 2010. The national tenancy, below market lease rates, and exceptional location, positions Elk Lakes as an outstanding investment opportunity.

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Attributes

Building area net
95,321 sf
Occupancy
100%
Year built
2000
WAULT
3.3 years
Parking spaces
483

Media

Investment Highlights

  • Located on the Main Retail Thoroughfare
  • Brand-Name, Credit Tenancy
  • High-Growth Trade Area
  • Below Market Lease Rates
  • Highly-Visible and Easily Accessible
Elk Lakes Shopping Center 4_Property for Sale
Elk Lakes Shopping Center 4_Property for Sale

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Elk Lakes Shopping Center (0 Properties)

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Last updated
2 May 2024