8020 Federal Boulevard
$2,499,000 (Sale)
8020 Federal Boulevard, Westminster, CO 80031
Property Details
- Property Type: Retail
- Building Size: 10,070 SF
- Lot Size: 0.45 Acres
- Zoning: B-1 (Westminster)
Overview
Hoff & Leigh is excited to present this stable multi-tenant retail property For Sale at 8020 Federal Boulevard, situated in Westminster only 15 minutes from Downtown Denver between Denver and Boulder.
This property consists of two buildings with two parking lots and features 12 retail units with a diverse tenant mix providing steady rental income. With Westminster’s growing population and attraction (350+ units under construction in the vicinity), this property benefits from high car counts, consistent foot traffic, strong tenant demand, and long-term value appreciation.
This investment property currently generates a Net Operating Income (NOI) of $192,180, with a Proforma NOI of $199,409. Current capitalization rate (Cap Rate) of 7.69%, with a Proforma Cap Rate of 7.98%.
Highlights
- $2,499,000 ($248/SF)
- 10,070 SF Gross Leasable Area
- 0.45 Acre Lot Size (19,602 SF)
- NOI (Current): $192,180
- CAP Rate (Current): 7.69%
- 12 Units (11 units 760-845 SF, 1 unit 1250 SF)
- 100% occupied (#1-10 indiv. metered)
- 2 Buildings (One 1-story, One 2-story)
- Most Units Recently Updated
- NNN leases: Stable, Diverse, Long-Term Tenant Mix
- 2 Parking Lots (40 Spaces)
- Monument Signage (Double-Sided, Illuminated)
- Base Rent Annual Escalations (3-5%)
- Roof Great Condition (less than 10yrs old)
- High Traffic Count and Visibility on Federal Blvd
- Growing Market in Westminster (350+ rooftops under construction <1mi)
- 1976 Build (Masonry)
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