Safeway | Long Term 25 Year Occupancy | STNL High Performing Grocery Location
$9,384,000
1017 Market Plaza, Pueblo West, CO 81007
For Sale
Retail
Unknown Sub Type
Active
Last Updated: 03/20/2025
5.25
Cap Rate
492,660
NOI
Details:
Cap Rate: 5.25%
NOI: $492,660
Building Size: 56,140 sqft
Lot Area: 5.6 acres
Lease Type: Double Net
Year Built: 2000
Price Per Sqft: $167.15
Highlights:
- Strong Commitment to Site; Long Term Occupancy for Nearly 25 Years
- Recently Executed Early 5-Year Renewal Option
- High Performing Location; Top 10% in Customer Visits in Grocery Category Nationwide; Top 5 Ranked in State of Colorado
- Anchor of the Pueblo West Marketplace with Many Surrounding National Tenants Including AutoZone, Dollar Tree, McDonald's, O'Reilly Auto Parts, Walgreens, and Wendy's
- Situated Within Pueblo West Metropolitan District Which is the Fastest Growing Community in Southern Colorado
- Limited Supermarket Competition with the Closest Walmart 3 Miles Away and the Closest Albertsons Over 5 Miles Away
- Strategically Positioned at the Signalized Intersection of Purcell Blvd and Hwy 50 at the New $33 Million Interchange Project | Hwy 50 Exit Ramp Now Leads Directly to the Center
- Located Less Than 0.5 Miles From Parkview Medical Center Which Had a Recent Expansion Resulting in $200 Million Being Invested in the Region Over the Next 10 Years
- Multiple Access Points and Visibility Along Hwy 50 Which Has Daily Trac Counts Exceeding 40,860 Vehicles
- High-Performing Safeway Store with Close to $40MM in Sales Per Nielson Report
- Safeway (NYSE: SWY) Has Over 900 Locations in 18 States and is a Subsidiary of Albertsons
- Albertsons (NYSE: ACI) is One of the Largest Food and Drug Retailers in the U.S. with Over 2,270 Retail Stores and $79.9 B in Sales
Documents:
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Offering Memorandum
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