The Shops at Shoenberg Farms in Westminster, are now listed for sale at an asking price of $3.45 million. This retail property includes a restaurant with a total of 6,412 square feet of net rentable space. The asking price breaks down to approximately $538.05 per square foot.
The property is currently fully occupied and has a lease with a single tenant that commenced on October 10, 2017, and will expire on October 9, 2037, leaving 11.8 years remaining on the lease. The property boasts a cap rate of 6.38% and a net operating income of $220,110. Covering 0.96 acres, it consists of one building with a single story, built in 2017.
This listing presents an opportunity for investors in the Denver market, highlighting the property’s strategic location and potential for growth. Interested parties are encouraged to consider this investment prospect in the thriving area.
Source: Property Listing