Hanley Investment Group Completes Sale of Shadow-Anchored Walmart Neighborhood Market Shopping Center in Denver Metro Area

DENVER, Colo. – (RealEstateRama) — Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm represented the buyer and seller in the sale of an 83,278-square-foot shopping center, shadow-anchored by a Walmart Neighborhood Market in the Denver metro area. The shopping center, Arvada West Town Center, is located on 14.65 acres at 14455-14715 West 64th Avenue in the city of Arvada, Colo. The sale price could not be disclosed.

Walmart, the largest grocer in the United States, has operated at this location since 2012, driving daily traffic to the center. Approximately 62 percent of the tenants at Arvada West Town Center are national or regional tenants. Tenants include AutoZone, BBVA Compass Bank, Big O Tires, ConocoPhillips, Grease Monkey, Wendy’s, Abo’s Pizza, Emergency Care Arvada, Eye Level Learning Center, Fantastic Sams, Qdoba Mexican Grill, Rib City Grill, The Salvation Army, United Studios of Self Defense and Quiznos. Built in 2001-2004, the center was 89 percent occupied at the time of the sale.

Arvada West Town Center is located along West 64th Avenue, one of the main east/west thoroughfares connecting the affluent residential communities of Arvada to Downtown Denver, according to Hanley. The shopping center benefits from the signalized intersection with 37,000 cars per day and an average household income of $115,000 within a one-mile radius and a population in excess of 145,000 people within a five-mile radius.

More

SHARE
Hanley Investment Group

Built on a solid foundation of performance, integrity and dedication, Hanley Investment Group Real Estate Advisors is a boutique retail investment brokerage firm with a three billion dollar transaction track record that is comprised of innovative specialists delivering unparalleled service and superior results that consistently exceed client expectations.

Hanley Investment Group’s expertise, commitment and unwavering focus of putting the client’s needs first have continued to set the company apart in the industry. Hanley Investment Group works closely with individual investors, developers, and institutional property owners in every facet of the transaction to insure that the highest value is achieved.

Contact:

Phone: (949) 585-7610

Previous articleDecember 14 Webinar Helps You “Get in the Game” to Save Resources
Next articleStatement from Terri Ludwig, president & CEO of Enterprise Community Partners, on Dr. Ben Carson as nominee for secretary of the Department of Housing and Urban Development