Pinnacle Real Estate Advisors has announced the sale of a multi-tenant retail property located at 8601 Sheridan Boulevard in Westminster, Colorado, priced at $11 million. The shopping center spans 71,367 square feet and is fully leased to three tenants, including Harbor Freight and Chuze Fitness, boasting a cap rate of 6.4% and a net operating income of $703,991.
The property sits on 6.295 acres and is strategically positioned near one of Colorado’s largest transit-oriented developments. It features 100% occupancy with tenants having a weighted average lease term of 8.8 years and an average tenure of 17.3 years, highlighting stable cash flow and exceptional tenant retention.
This investment opportunity is further enhanced by its location off Highway 36 and its adjacency to local national brands, such as Lowe’s and McDonald’s. Recent improvements include upgraded signage, a perimeter security fence, and consistent property maintenance, which contribute to its long-term investment potential.
Source: Property Listing