This listing is under contract.

JUST LISTED: Crown Point Center Parker, CO | 100% Occupied Multi-Tenant NNN Investment in the Fastest Growing Trade Area in Colorado

18300-18400 Cottonwood Drive Parker, CO 80138

18300-18400 Cottonwood Drive, Parker, CO, 80138
18300-18400 Cottonwood Drive, Parker, CO, 80138
UNDER CONTRACT FOR SALE NNN Property
Property Type:
Regional Center
Amount:
$10,420,000
Cap Rate:
5.70%
Last Verified:
Jan 14, 2021

  • Well-positioned multi-tenant investment opportunity located in a Costco anchored shopping center occupied by national tenants including Chipotle, AT&T, Xfinity, MOD Pizza, and Sport Clips.
  • The Property boasts strong five-mile demographics, with an average household income of $139,219 and projected 2020 - 2025 annual population growth rate of ±1.98% (Source: Esri).
  • Nearby national retailers include Costco Wholesale, Target, Walmart Supercenter, King Soopers (Kroger), The Home Depot, Raising Cane’s, Chick-fil-A, Wendy’s, McDonald’s, Starbucks, Dunkin’, Walgreens, Jack in the Box, Sprouts Farmers Market, Discount Tire, Jiffy Lube, Firestone Complete Auto Care, Big O Tires, Shell, 7-Eleven, Freddy’s Frozen Custard & Steakburgers, Goodwill, Jimmy John's, Subway, Wells Fargo Bank, and more.
  • Approximately one mile away from the Property is Parker Adventist Hospital, a Centura Health hospital with ±170 beds and ±974 active medical staff (Source: centura.org).
  • The Property sits next to the intersection of highways E-470, the route to several nearby world class ski resorts including Aspen, Breckenridge, Vail, Keystone Mountain, Copper Mountain, and Arapahoe Basin; and highway 83, one of the primary routes connecting Denver (±20 miles away) and Colorado Springs (±56 miles away).
  • In 2020, the city of Parker was recognized as one of the top 5 safest cities in Colorado and one of the top 5 cities to raise a family in Colorado (Source: parkeronline.org)
  • The Property has ±140 parking spaces, providing flexibility to accommodate approximately 80% of future food users.

Additional URLs

Map of 18300-18400 Cottonwood Drive, Parker, CO, 80138

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.