Parker, CO - Hiller Companies

Highlights:

• Recent 63-Month Extension | Corporate Signed | Annual Rental Increases | New Roof in 2023
• NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
• Parker Marketplace (187,000 SF) | Strong Industrial Corridor |Shops at Crown Point (230,000 SF) | Primary Retail Corridor
• Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

Description:

• Recently extended for another for 63 months with 1 (5-year) options to extend, demonstrating their commitment to the site
• Corporate signed by The Hiller Companies, LLC
• Annual 3% rental increases throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation
• Installed a new roof in 2023, providing limited overhead for landlord

• Located a mile south of Parker Marketplace, a 187,000 square foot shopping center with major tenants including Sprouts, Sky Zone, and more
• Located near Dransfeldt Rd and is ideally positioned next to a wide variety of industrial and office tenants helping draw a strong customer base
• Positioned south of Shops at Crown Point, a 230,000 square foot outlet
center with national/credit tenant including Costco Wholesale, Trader Joe’s, Sportsman’s Warehouse, and more
• Located in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, The Home Depot, Lowe’s, Target, and more, further increasing consumer traffic to the site
• Strong tenant synergy promotes crossover shopping to the subject property