As an exclusive advisor, Jones Lang LaSalle (JLL) is pleased to present the opportunity to acquire the fee simple interest in Woodmen Valley Shopping Center, a 155,362 square foot King Soopers-anchored center strategically located at the highly-trafficked intersection of East Woodmen Road and North Academy Boulevard in Colorado Springs, Colorado. Woodmen Valley presents the rare opportunity to acquire an anchored asset with the market’s leading grocer, King Soopers (Kroger, NYSE: KR; BBB).
The property is situated at an irreplaceable location in northern Colorado Springs and one of the most traveled north-south arterials in the city. It is 94% leased to a diverse roster of service-oriented and daily needs tenants. Investors can acquire this cash-flowing asset at a low basis, with attractive returns and healthy cash on cash.
- Highly sought after King Soopers anchored asset
- High traffic signalized location
- Located along Academy Boulevard
- Below replacement cost
- Strong historical occupancy