For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Institutional Property Advisors and powered by RealINSIGHT Marketplace, 18511 E Hampden Ave is Seven Hills Plaza, a 135,751 SF multi-tenant NNN retail center on 14.64 acres at the signalized intersection of Hampden Avenue and Tower Road in Aurora, Colorado. The center is 81.72% occupied by 22 tenants and generates $1,796,916 in current annualized NOI, with 24,810 SF of small shop vacancy and a 35,974 SF Movie Tavern anchor that is negotiating a lease buy-out or will vacate at its 12/31/2029 expiration. Leasing the small shop vacancy at $20 to $25/SF market rents is projected to add $555,150 in NOI. In-place shop rents average $18.17/SF against $27.30/SF achieved on recent extensions and new leases, and 10 of 22 tenants are month-to-month or have no remaining options, creating near-term mark-to-market upside. Recapturing the anchor box provides a repositioning path for a new anchor, with several replacement tenants already expressing interest. The marketed Year 5 stabilized NOI is $2,516,632. The site offers 835 parking spaces, MU-C zoning, and combined traffic of 56,900+ VPD, with outparcels occupied by Natural Grocers, Sonic, Village Inn, Ent Credit Union, and Meineke. Aurora's retail market reports 4.1% vacancy and 3.6% average annual rent growth over the past decade, supporting a lease-up and rent growth strategy.
Due Diligence
Location
Seven Hills Plaza sits at the signalized intersection of E Hampden Avenue and S Tower Road in east-central Aurora, a corridor carrying 56,900+ vehicles per day. Neighboring retail includes King Soopers, Safeway, Walgreens, and a Natural Grocers ranked 46 of 163 nationwide by Placer.ai. A base of 291,892 residents within five miles supports daily-needs and service retail demand.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
