Safeway | High Performing Store
1017 N. Market Plaza Puebo, CO 81007
Price: $9,385,000
Status: Hidden
Cap Rate: 5.00%
Year Built: 2000
NOI: $469,200
Lot Size: 5.60 acres
Price Per Foot: $167
Lease Type: NNN
Remaining Term: 4+ Years
GLA: 56140 sqft
Property Intro
Lee & Associates is pleased to exclusively offer for sale to qualified investors the opportunity to purchase a 100% fee-simple interest (land & building) in a Safeway investment property located at 1017 N Market Plaza in Pueblo, CO (the “Property”). Constructed in 2000, the Property consists of a 56,140-square foot building that sits on an approximately 5.60-acre parcel within the Pueblo West Marketplace Shopping Mall. Safeway has operated at this location for 20 years since it was built in 2000. The tenant exercised their first Option period early in February of 2020, extending their lease an additional five years commencing September 9, 2020. The corporate guaranteed NNN lease features (9) additional 5-year options to renew with increases in each Option Period.