Shops at Pueblo West/High Yield NNN Inv.

Highlights:

• 7% yield stabilized NNN retail investment with Amazon-resistant, 94% leased, recent long-term leases, and priced below replacement cost at $248 PSF.
• Passive NNN investment with minimal landlord obligations, inflation-protected income, tenants covering expenses and maintenance.
• Fee simple ownership of land and building with potential tax benefits through cost segregation to accelerate depreciation and enhance after-tax return
• 1,500 SF vacancy available for lease-up, offering potential to increase NOI and buyer returns.
• High-profile retail location: US Hwy 50 and Purcell Blvd interchange w/ 51k VPD, unobstructed frontage, and strong visibility as key community gateway

Description:

COLORADO BROKER OF RECORD ... JULIE McBREARTY ... License No. FA1000441441
Faris Lee Investments is pleased to present the opportunity to acquire Shops at Pueblo West, a stabilized, high-yield five-tenant retail investment located in the rapidly expanding community of Pueblo West, Colorado. This offering provides an investor with an attractive 7.00% Cap Rate and a secure income stream derived from a synergistic, 100% internet-resistant tenant mix. Offered at just $248 PSF, the asset is priced significantly below estimated replacement costs, providing the investor with immediate intrinsic value and a safe basis in a high-quality physical asset relative to today’s construction pricing.
The property is currently 94% leased to a curated lineup of service-based businesses—including Fitness, Physical Therapy, and Wellness operators—that require an in-person customer presence, effectively “Amazon-proofing” the asset against e-commerce competition. The tenant roster is anchored by the property’s largest tenant, Snap Fitness, which recently executed a new 5-year lease renewal. This commitment is complemented by a brand-new lease with Fyzical Therapy & Balance Centers, backed by a Corporate Guaranty, further solidifying the center’s income stability and long-term leasing momentum.
Structured as a passive investment, the tenants operate under NNN leases, reimbursing their pro-rata share of property taxes, insurance, and common area maintenance. This structure minimizes landlord responsibilities and expense leakage while creating an inflation-protected income stream. This offering includes the Fee Simple interest in both the land and the building. This ownership structure provides tangible real estate value and allows the investor to potentially utilize cost segregation strategies to accelerate depreciation and enhance after-tax yields.
Strategically positioned at the high-traffic interchange of US Hwy 50 and Purcell Blvd, the property benefits from excellent visibility and exposure to combined traffic counts of over 51,000 vehicles per day. The site serves as a vital community gateway for the affluent residential base, which boasts an average household income of $110,305 within a 3-mile radius. The asset further benefits from the massive cross-shopping traffic generated by the nearby Safeway-anchored Pueblo West Marketplace (2.3 million annual visits per Placer.ai) and high-performing neighbors like Scooter’s Coffee (Ranked #1 in visits in Colorado per Placer.ai), ensuring long-term tenant demand in Southern Colorado’s fastest-growing residential hub.
This rare combination of dominant retail synergy, affluent demographics, and high-yield passive structure positions Shops at Pueblo West as a premier investment opportunity.

Pueblo West, Colorado, a high-desert community at the foot of the Rocky Mountains, stands as Southern Colorado’s fastest-growing residential hub. As a key metropolitan district within the greater Pueblo area, this planned community of approximately 35,000 residents serves as a critical nexus for lifestyle and recreation in the region. Its economy is uniquely driven by its desirable quality of life, attracting a skilled workforce for major regional employers in healthcare, education, and retail. While residents support the broader Pueblo economy, including major industrial employers like Evraz Rocky Mountain Steel and Vestas, Pueblo West’s own identity is anchored by its unparalleled access to outdoor recreation, most notably Lake Pueblo State Park—one of Colorado’s busiest state parks.
The community’s identity is defined by its sweeping views of Pikes Peak and the Spanish Peaks and its extensive trail systems, offering a family-oriented lifestyle with a “rural living vibe” just minutes from the amenities of the city of Pueblo. This is complemented by numerous parks, an 18-hole golf course, and a strong equestrian culture. Pueblo West offers a compelling blend of residential tranquility and strategic location, attracting families and businesses alike with its affordability and connectivity. Its location at the junction of U.S. Highway 50 and near Interstate 25, the state’s primary north-south corridor, provides outstanding connectivity, cementing its status as a premier residential and recreational hub in Southern Colorado.

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