Nine Mile Corner_Property for Sale
Nine Mile Corner_Property for Sale
2930 & 2934 Arapahoe Rd, Erie, CO, 80026, US

Nine Mile Corner

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire Nine Mile Corner (“The Property”), a newly constructed 18,000 square foot two-building retail strip center located off the signalized intersection of Hwy 287 & Arapahoe Road, in Erie, Colorado. Constructed in 2022, Nine Mile Corner is comprised of 9 tenants, 83% of which are national or credit retailers. The Property is 100% leased and has a strong weighted average lease term of 8.5 years, providing a long and stable cash flow. Nine Mile Corner is leased to a diverse rent roll of service, retail and medical tenants including Five Guys, Great Clips, Yoga Six, and Modern Mint Dentistry.


The center is located on the hard corner in front of a newly constructed King Sooper’s Marketplace and Lowe’s. Other national large format retailers surrounding the site include Walmart Supercenter, Safeway, Kohl’s and 24-Hour Fitness. The site benefits from high visibility and easy accessibility and sees over 52,700 vehicles per day, all while being only 20 minutes from Downtown Denver and Boulder. Erie has seen exceptional growth in the past 10 years and is expected to see 16.5% population growth within the next five years. There are many residential developments in the immediate trade area with more in the pipeline, continuing to make Erie a desirable place for residential and commercial developments.

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Attributes

Building area net
1,672 m²
Occupancy
100%
Year built
2022
WAULT
8.5 years

Media

Investment Highlights

  • Brand New 2022 Construction
  • 100% Occupied by Brand-Name Tenants
  • King Soopers Marketplace (Kroger) and Lowe’s Outparcel
  • Strong Income Demographic
  • Rapidly Growing Submarket
  • High-Profile Strategic Location
Nine Mile Corner 4_Property for Sale
Nine Mile Corner 4_Property for Sale

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Nine Mile Corner (0 Properties)

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Last updated
8 Mar 2024