Overview

INVESTMENT HIGHLIGHTS

  • On high traffic intersection of South Kipling Pkwy and West Bowles Ave
  • Tenants are destination locations
  • Two national tenants

EXECUTIVE SUMMARY

Westridge Square is a multi-tenant retail property located in Littleton, Colorado in Jefferson County. Jefferson County is a thriving suburban, business, industrial, recreational and residential community. With 582,881 residents, the county is ranked as the 4th highest population in Colorado. The current population within a one mile radius of Westridge Square is 15,920, and the median household income is $102,223. All of the demographics in this area have seen consistent increase over the past years and are projected to continue a steady growth rate. The highest areas of consumer spending are transportation & maintenance and food & alcohol, which reflect the success of the businesses at this center.
Westridge Square is located on the northwest corner of the intersection of West Bowles Ave and South Kipling Pkwy, with a traffic count of 123,114 vehicles per day. The property has two points of access- one on West Bowles Ave and one on South Kipling Pkwy. The center is surrounded with residential neighborhoods, a wide range of business, and it is situated on a busy cross street connecting many different areas of town.
The property was built in 1981, totaling approximately 38,766 square feet with a 149,175 square foot lot size. It is comprised of one retail building with three storefronts and a large designated parking area. This center is 100% occupied and all of the tenants have long term leases in place. Two of the three tenants are national, Harbor Freight Tools and Napa Auto Parts. Harbor Freight occupies 15,011 square feet and has a lease through 3/31/2026. Napa Auto Parts occupies 7,555 and just signed a renewal to extend their lease through 3/31/2026. The third tenant is JoJo’s Playground, a locally owned and operated business. It is an indoor play area with a full café, which is one of the most popular destinations for families with small children. JoJo’s Playground occupies 16,200 square feet and their lease expires 7/31/2024. Although these three businesses are destinations on their own, Westridge Square is part of a larger shopping area including two freestanding restaurants, additional shared parking, and numerous other businesses. All of these factors contribute to the high traffic volumes and success of the shopping center.
Offered at $4,800,000 with a Net Operating Income of $359,500, Westridge Square provides an opportunity to see an immediate return on your investment in one of the highest populated and most desirable areas of Colorado and the Nation.

Details

  • Price:
    $4.8M
  • Property Status:

Amenities

  • Signage

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