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11874 Washington StNorthglenn, CO 80233
Washington Center
Asset ClassRetail
94% LEASED SHOPPING CENTER | LOCATED IN A HIGHLY TRAFFICKED RETAIL CORRIDOR
overview of deal

Overview

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to offer investors the opportunity to acquire the 100% fee interest in Washington Center (“The Property”), 58,591 square feet of high profile retail shops located in Northglenn, Colorado. The center is 94% leased, includes 24 tenants and is located at the top intersection along the East 120th corridor, benefiting from a strong mix of tenants, including a high performing Super Target and Walgreens in the immediate area. This highly trafficked retail corridor provides a consumer base of 259,000 people with all their shopping needs with a tailored mix of service tenants and restaurants. Washington Center also caters to an educated consumer base with a healthy average household income of over $115,000 and nearly 30% of residents having a bachelor’s degree or higher.

 

Washington Center is ideally positioned along E. 120th Avenue and Washington Street, which sees over 100K VPD, providing excellent accessibility and visibility. The Property, built in 1972 and renovated in 2000, sees over 826K visits per year and has strong historical occupancy. Its diverse rent roll includes one-of-a-kind tenants including Beltran’s Meat Market, 5280 Reptile Room, and Cheers Bar and nationally recognized tenants including Smashburger, Subway, Pizza Hut, CSL Plasma, and Walgreens (NAP).

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Investment Highlights

  • Highly Trafficked Retail Corridor
  • Below Market Lease Rate & Favorable Basis
  • Future upside potential
  • Diverse and Established Tenant Roster
  • Favorable Demographics in a Growing Market
11874 Washington StNorthglenn, CO 80233
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