Interplaza West, a 31,675-square-foot multi-tenant retail center located at 17120 & 17132 West Colfax Ave in Golden, Colorado, is now up for sale with an asking price of $13 million. The property features two single-story buildings situated on 2.67 acres and is currently fully occupied with a 100% occupancy rate.
The investment offers a capitalization rate of approximately 6.15% based on a stabilized net operating income of $800,189 for the first year. All seven tenants have NNN leases that include contractual rent escalations, contributing to over $1.19 million in annual gross revenue. The tenant mix includes a combination of national brands, franchises, and local businesses focused on retail, health and wellness, and specialty services.
Interplaza West benefits from significant traffic, with over 18,500 vehicles passing daily on W Colfax Avenue, alongside additional exposure on W 6th Avenue. The surrounding area, home to 113,600 residents within a five-mile radius, has an average household income exceeding $136,000. This stable economic base is supported by notable institutions including the Colorado School of Mines, Molson Coors, and NREL, which enhances retail demand in the area.
The property is being marketed by Lee & Associates and highlights include several leases with expirations staggered through 2033, signalized access, and opportunities for future rent growth. Additionally, the Golden community has high barriers to new retail supply, making this a potentially attractive investment.
Source: Property Listing
