Retail•Neighborhood Center•For Sale

Reunion Village Shopping Center

18220 - 18240 E. 104th Ave., Commerce City, Colorado 80022

Sale Price $5,400,000
Zoning PUD-MU, Planned Unit Development - Mixed Use
Bldg Type Multi-Tenant
Status Existing
Year Built 2006
Stories 1
Cap Rate 6.50%
Vacancy 80%
Gross Bldg 25,153 SqFt
Land Area 3.63 Acres
Avail Parking 7/1000SqFt
Net Op Inc $390,167
Market Denver MSA
Sub-Market Northeast Retail
As the exclusive agent for the seller, SVN Denver Commercial is proud to present to qualified investors an opportunity to purchase a class A shopping center in one of Denver's most vibrant and dynamic sub-markets called Reunion. The Reunion Village Shopping Center is 80% occupied to a mix of e-commerce resistant tenants on staggered lease terms. Vacancy rates in the surrounding submarket are some of the lowest in the Denver MSA, and average lease rates are over $26/sf NNN, which gives Reunion Village with a $20.33/sf average NNN rate a significant advantage in obtaining high occupancy for years to come. Well located in one of the most dynamic new Denver Metro communities, Reunion Village Shopping Center is directly in the path of growth. The center sits right off of the intersection of E. 104th Ave & Tower Road and is in close proximity to Denver International Airport, I-76, and the E-470 Highway. The surrounding submarket is booming with the Shea Homes developed Reunion community, including new housing, a 21,000 square foot recreation center, parks, trails, and schools. It is a community that is extremely desirable given the active Colorado lifestyle with a short 20-minute commute to downtown Denver and very close to the Denver International Airport.
  • Value-Add Opportunity Anchored by Wells Fargo
  • Diverse Mix of E-Commerce Resistant Tenants
  • Below Market Rents | Strong Submarket
  • 6.5% Cap Rate (current 80% Occ.) | 8.9% Cap Rate (at 95% Occ.)
  • 1st Major Intersection off E-470 | Close Proximity to DIA
6/10/2019 8:43:24 PM 6/18/2019 11:36:21 PM
Troy Meyer
Managing Director
SVN | Denver Commercial

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