Littleton, CO - Sun Plaza Shopping Center

Description:

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 91% leased, multi-tenant retail center property located in Littleton, Colorado. The property boasts a tenant lineup resistant to e-commerce influences, featuring a mix of food and service concept retailers. Notably, the tenants are paying rents significantly below the current market rates in the Denver Metropolitan Statistical Area, suggesting potential for revenue growth. Moreover, over 85% of the total Gross Leasable Area (GLA) is covered by triple net (NNN) leases, which include administrative fees, effectively minimizing expense slippage.

Strategically situated within a vibrant retail corridor, the property benefits from its proximity to major traffic nodes, sitting near the intersection of W Bowles Ave and the well-known Wadsworth Blvd, which sees nearly 100,000 vehicles daily. Directly opposite the property is the Southwest Plaza, a super regional mall with over 1 million rentable square feet and more than 100 retailers, enhancing consumer draw to the area. The presence of nearby national tenants like Target, The Home Depot, and TJ Maxx further bolsters the location’s appeal. This clustering of retailers creates a strong synergy, encouraging crossover shopping that benefits the subject property, enhancing its potential as a lucrative investment. The 5-mile trade area is supported by more than 208,000 residents and 64,000 employees who boast an extremely affluent average household income of $137,427.