Newmark Retail Capital Markets is pleased to present the exclusive offering of Applewood Grove Shopping Center, a 68,284-square foot neighborhood retail center prominently positioned along Youngfield Street in Golden, Colorado—one of metro Denver's most dynamic and rapidly evolving corridors. The Property is offered free and clear of existing debt, providing a clean, unencumbered acquisition structure with maximum flexibility for the incoming investor.

Applewood Grove represents a true value-add opportunity in a highly amenitized submarket with significant growth. At 63% occupancy and in-place rents averaging approximately 36% below prevailing market rents, the Property offers an exclusive leasing business plan supported by robust market fundamentals, a compelling renovation budget already underwritten in the financial model, and a path to stabilization projected at 99% occupancy by Year 3. The combination of a demonstrable mark-to-market rent uplift, marketable vacancy, significant near-term rollover, coupled with a comprehensive capital improvement program positions Applewood Grove to generate substantial incremental value over a three-to-five-year investment horizon and beyond.

The Property is surrounded by some of the most successful and recognizable retail development in the greater Denver metropolitan area—anchored by the transformative Clear Creek Crossing mixed-use destination by industry leader Evergreen Development, the dominant King Soopers-anchored Applewood Village center owner and operated by national public REIT Regency Centers, and the newly relocated, category-defining Whole Foods Market within Simon Property Group's Denver West Village immediately south. This institutional-caliber submarket context underscores the Property's leasing velocity potential and the long-term durability of renter demand.