Park Meadows Village | 9447 Park Meadows Dr
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Park Meadows Village 9447 Park Meadows Dr
8,038 SF 100% Leased Retail Building Lone Tree, CO 80124 $3,897,768 ($485/SF) 7.50% Cap Rate
Investment Highlights
- 7.50% GOING IN CAP RATE
- CURRENT TENANTS (COCO MASSAGE & SAZON) RECENTLY EXECUTED FIVE YEAR LEASE EXTENSIONS AND NEW TENANT (MUTAO) EXECUTED NEW 10 YEAR LEASE
- AVERAGE HOUSEHOLD INCOME OF $147,469 WITHIN FIVE MILES
- 100% OCCUPIED BY THREE AMAZON RESISTANT TENANTS - CURRENT TENANTS EXECUTED FIVE YEAR LEASE EXTENSIONS AND NEW TENANT SIGNED NEW 10 YEAR LEASE
- LOCATED IN THE LONE TREE ENTERTAINMENT DISTRICT WHICH IS UNDERGOING ACTIVE REDEVELOPMENTS & PROPOSED FUTURE DEVELOPMENTS
- PREMIER LOCATION - PARK MEADOWS TRADE AREA WITH EXTREMELY LOW VACANCY
Executive Summary
9447 Park Meadows Drive is a three tenant retail investment opportunity located in The Entertainment District in Lone Tree, CO. The property is 100% occupied by three Amazon resistant tenants; Sazon | Mexican & Latin Restaurant, Mutao (Wellness Spa), Mutao (Beverage) and Coco Massage Spa.
Located in Lone Tree, Co, the subject property is less than one mile from Park Meadows Mall, the largest enclosed shopping mall in Colorado, and is surrounded by the 12 acre former United Artist Theater site that is proposed for a mixed use redevelopment adding residential density, new retail, public plaza and pedestrian connectivity. Jack's Steakhouse, a 14,000 SF restaurant is under construction at NEC Yosemite & Park Meadows Drive and there is a new "eater-tainment" concept proposed for SEC Yosemite & Maximus Drive.
RidgeGate mixed use master planned community is under construction located four miles south of 9447 Park Meadows Drive. The development includes 30,000 residents and 53 acre Star Harbor Campus commercial development.
Located in Lone Tree, Co, the subject property is less than one mile from Park Meadows Mall, the largest enclosed shopping mall in Colorado, and is surrounded by the 12 acre former United Artist Theater site that is proposed for a mixed use redevelopment adding residential density, new retail, public plaza and pedestrian connectivity. Jack's Steakhouse, a 14,000 SF restaurant is under construction at NEC Yosemite & Park Meadows Drive and there is a new "eater-tainment" concept proposed for SEC Yosemite & Maximus Drive.
RidgeGate mixed use master planned community is under construction located four miles south of 9447 Park Meadows Drive. The development includes 30,000 residents and 53 acre Star Harbor Campus commercial development.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
8,038 SF
Building Class
B
Year Built
1999
Price
$3,897,768
Price Per SF
$485
Cap Rate
7.50%
NOI
$292,333
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.68
Lot Size
0.27 AC
Zoning
PD, Lone Tree
Frontage
170 FT on Park Meadows Dr
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2231-033-05-011 | Improvements Assessment | $783,820 |
| Land Assessment | $45,940 | Total Assessment | $829,760 |
PROPERTY TAXES
Parcel Number
2231-033-05-011
Land Assessment
$45,940
Improvements Assessment
$783,820
Total Assessment
$829,760
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Park Meadows Village | 9447 Park Meadows Dr
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