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Horizon Park Shopping Center | 93% Occupied 2255 Main St

155,905 SF 93% Leased Retail Building Longmont, CO 80501 £14,631,815 (£94/SF) 6.01% Net Initial Yield

Investment Highlights

  • Highly Sought After Grocery Anchored Center 93% Occupancy | Recently Signed Extensions | E-Commerce Resistant
  • Upside Through Selling off Pads Individually
  • Near Denver & Boulder Large Talent Pool for Employers
  • Strong Performing Store King Soopers (Kroger)
  • Dense Population, Affluent 5-Mile Trade Area
  • 2024 Completed Renovation

Executive Summary

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in Horizon Park, a 93% occupied, 155,905 SF regional shopping center located in Longmont, CO (Boulder MSA). Horizon Park is a grocery anchored center with major tenants including King Soopers (subsidiary of Kroger and a dominant grocer in Colorado), Big Lots, Planet Fitness, Dollar Tree, and Murdoch’s Ranch & Home Supply. The center also features four freestanding outparcels: Noodles and Co., Take 5 Oil Change, and a King Soopers fuel station.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
155,905 SF
Building Class
B
Year Built/Renovated
1976/1992
Price
£14,631,815
Price Per SF
£94
Net Initial Yield
6.01%
NOI
£878,973
Percent Leased
93%
Tenancy
Multiple
Number of Floors
1
Loading Docks
4 Exterior
Slab to Slab
15 ft
Building FAR
0.26
Lot Size
13.99 AC
Zoning
C - Commercial
Parking
636 Spaces (4.08 Spaces per 1,000 SF Leased)
Frontage
882 ft on 23rd Ave

Amenities

  • Corner Lot
  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalised Intersection
  • Monument Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 7,953 SF
  • Retail
  • -
  • Now

Turnkey office space with large open area and smaller private offices around the permitter. The space includes two large restroom banks and a large kitchen area.

  • 102
  • 1,600 SF
  • Retail
  • In-Line
  • Now

Highly visible retail location right next to the entrance of a busy King Soopers. The suite includes a double door in front and an egress door in the back.

  • 108
  • 1,400 SF
  • Retail
  • -
  • Now
Space Size Space Use Position Available
1st Floor 7,953 SF Retail - Now
102 1,600 SF Retail In-Line Now
108 1,400 SF Retail - Now

1st Floor

Size
7,953 SF
Space Use
Retail
Position
-
Available
Now

102

Size
1,600 SF
Space Use
Retail
Position
In-Line
Available
Now

108

Size
1,400 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 7,953 SF
Space Use Retail
Position -
Available Now

Turnkey office space with large open area and smaller private offices around the permitter. The space includes two large restroom banks and a large kitchen area.

102

Size 1,600 SF
Space Use Retail
Position In-Line
Available Now

Highly visible retail location right next to the entrance of a busy King Soopers. The suite includes a double door in front and an egress door in the back.

108

Size 1,400 SF
Space Use Retail
Position -
Available Now

Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Scooter's Coffee
King Soopers
Planet Fitness
Noodles & Company
Freddy's Frozen Custard & Steakburgers
Chase Bank
Natural Grocers
Starbucks
Rent-A-Center
PNC Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1205272-40-001
Land Assessment
£0
Improvements Assessment
£3,270,275
Total Assessment
£3,719,893
  • Listing ID: 32823263

  • Date on Market: 15/08/2024

  • Last Updated:

  • Address: 2255 Main St, Longmont, CO 80501

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