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Safeway | Long Term 25 Year Occupancy | STNL High Performing Grocery Location

$9,384,000

1017 Market Plaza, Pueblo West, CO 81007

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
Map:
Documents:
Title
Offering Memorandum
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Location
Gallery