Receiver Sale: Seven Hills Plaza | Lease-Up, Mark-to-Market

$6,750,000 Starting Bid

Auctioneer: Lamar P. Fisher

Auctioneer Company: Fisher Auction Company Inc.

Auctioneer License: Internet Auctions Exempt from Licensing

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.

24,810 SF of Small Shop Lease-Up Potential: Leasing vacant suites at $20 to $25/SF market rents is projected to add $555,150 in annual NOI.

Shop Rents of $18.17/SF vs $27.30/SF Recent: Nine tenants pay below $18.50/SF after an average 16-year tenure, setting up rent resets at renewal.

National Brands Including 7-Eleven, MyEyeDr: Rent roll includes 7-Eleven, Domino's, MyEyeDr, NAPA Auto Parts, State Farm, and a T-Mobile tower.

Aurora Population Up 6% Since the 2020 Census: Colorado's third-largest city reached 410,053 residents in 2025 and supports more than 150,000 jobs.

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