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Community Retail Center For Sale
Rare Opportunity in Northern Colorado
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Investment Highlights
- Hobby Lobby, ARC, Starbucks, Dollar Tree, Fitness 19
- Value add Pad Sites
- Under 50% of replacement cost
- Located in Booming Northern Colorado
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Loveland Marketplace is a 148,000 square feet community shopping center located in the heart of the Loveland demographic area. The center has outstanding visibility and access to Highway 287 with two entrances and stop lights leading directly in to the center. Highway 287 links the fast-growing high tech corridor from CU in Boulder to CSU in Fort Collins. Loveland is located in expanding Larimer County which has an exceptionally low unemployment rate of 1.9%. Loveland is nationally known as the gateway to Rocky Mountain National Park and for its art scene. Loveland Marketplace was completely renovated in 2003 and two new buildings were added in 2005. As a value add feature, there is extra ground for two new pads or a building expansion. Over $400,000 was spent in 2016 in upgrades, which included new monument signs, exterior LED lights, patio and landscape and parking lot improvements. Loveland Marketplace North is 98% occupied and includes a valuable pad on Highway 287 at a stoplight. The South side also features extra ground for expansion. Both properties are priced under 50% of replacement cost.
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Cushman and Wakefield
772 Whalers Way
Suite 200
Fort Collins, CO 80525
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Chase Christensen
Broker Associate
970-267-7406
chase.christensen@cushwake.om
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