Peoria Street Plaza 3 inmuebles | Local en venta a 7.834.996 € en Denver, CO

Peoria Street Plaza presents a rare opportunity to acquire a fully leased retail portfolio strategically positioned in Denver’s thriving Montbello neighborhood. This offering includes two established neighborhood strip centers and a newly constructed single-tenant ground lease with Take 5 Oil Change, creating a diversified income stream with strong tenant retention. The property spans over 3.22 acres along Peoria Street, a high-traffic corridor with 40,052 vehicles per day, and sits just north of the I-70 interchange—Colorado’s primary east-west artery—ensuring exceptional visibility and accessibility.
The tenant mix caters to essential services and daily needs, including wireless, financial, dining, and automotive, fostering consistent foot traffic and community engagement. Some leases are below market, providing upside for investors seeking value-add potential. Separate parcels offer flexibility for future disposition strategies, while also enabling basis reduction through individual sales. With a current NOI of $644,689 and a 7% cap rate, this asset delivers stable cash flow backed by long-term leases.
Located within a dense infill area, the property benefits from strong demographics: over 266,000 residents within five miles and an average household income exceeding $96,000. Proximity to Denver International Airport, downtown Denver, and major employment hubs further enhances the investment appeal. This is an ideal acquisition for investors seeking a resilient retail asset with growth potential in one of Denver’s most dynamic corridors.