Longmont, CO - Horizon Park Shopping Center (King Soopers)

Description:

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the
fee simple interest (land and building ownership) in Horizon Park, a 93% occupied, 155,905 SF regional shopping center located in Longmont, CO (Boulder MSA). Horizon Park is a grocery anchored center with major tenants including King Soopers (subsidiary of Kroger and a dominant grocer in Colorado), Big Lots, Planet Fitness, Dollar Tree, and Murdoch’s Ranch & Home Supply. The center also features four freestanding outparcels: Noodles and Co., Take 5 Oil Change, and a King Soopers fuel station.

The subject property is ideally located along Main Street (36,100 VPD) between two signalized, hard corner intersections with multiple points of ingress/egress, providing ease and convenience for consumers. The site is also just off of State Highway 66 (30,000 VPD) with quick access to the on/off ramps. Furthermore, Horizon Park has multiple monument/pylon signs, providing increased visibility to the center.

The city of Longmont is just 36 miles outside of Denver and 19 miles away from Boulder, which gives residents the ability to conveniently access the major metropolitans. Longmont also houses major tech firms including Seagate ($10.7 billion in revenue), DigitalGlobe ($702 million in revenue), Micron Technology ($20.3 billion in revenue), Xilinx and more, demonstrating that Longmont (Gig City) is an up and coming tech/start-up hub with its citywide symmetrical gigabit internet service (without data caps). The 5-mile trade area is supported by a dense population of over 103,000 residents with an affluent average household income of over $117,610.