{"id":1004304713,"date":"2019-03-01T04:15:50","date_gmt":"2019-03-01T12:15:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004304713"},"modified":"2021-05-10T02:07:48","modified_gmt":"2021-05-10T10:07:48","slug":"pinnacle-brokers-co-retail-asset-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pinnacle-brokers-co-retail-asset-sale\/","title":{"rendered":"Pinnacle Brokers CO Retail Asset Sale"},"content":{"rendered":"<div id=\"attachment_1004304719\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004304719\" data-attachment-id=\"1004304719\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/pinnacle-brokers-co-retail-asset-sale\/9987-wadsworth-parkway\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/9987-Wadsworth-Parkway-e1551435246926.jpg\" data-orig-size=\"1319,990\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"9987 Wadsworth Parkway\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;9987 Wadsworth Parkway&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/9987-Wadsworth-Parkway-e1551435246926.jpg?w=1024\" class=\"size-medium wp-image-1004304719\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/9987-Wadsworth-Parkway-e1551435246926.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/9987-Wadsworth-Parkway-e1551435246926.jpg 1319w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/9987-Wadsworth-Parkway-e1551435246926.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/9987-Wadsworth-Parkway-e1551435246926.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/9987-Wadsworth-Parkway-e1551435246926.jpg?resize=1024,769 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-1004304719\" class=\"wp-caption-text\">9987 Wadsworth Parkway<\/p><\/div>\n<p>Justin Krieger, principal at Pinnacle Real Estate Advisors has completed the $1 million, all-cash sale of a single-tenant, net-leased retail property occupied by Subway in Westminster, Colo. The seller, a New York-based investor, was represented by an out-of-state broker. Krieger worked on behalf of the buyer, a local investor, who purchased the building in a 1031 exchange. The asset traded at a cap rate of almost 5.75 percent.<\/p>\n<p>Located at 9987 Wadsworth Parkway, the property is adjacent to a dense residential area and offers easy access to Interstate 36. The building is in a King Soopers-anchored shopping center and has a drive-thru. Subway has been a tenant since the property was completed, almost 25 years ago, and has extended their lease.<\/p>\n<p><em>\u201cInventory for single-tenant, net-leased properties occupied by national credit tenants like Subway in metro Denver is very low, especially around the $1 million price point,\u201d <\/em>said Krieger in a prepared statement.<\/p>\n<p>The new deal comes a few weeks after Bedford Lodging opened a <a href=\"https:\/\/www.commercialsearch.com\/news\/new-springhill-suites-opens-in-denver-area\/\">127-key SpringHill Suites in Lakewood<\/a>, roughly 12 miles from&nbsp;9987 Wadsworth Parkway.<\/p>\n<p><em>Image courtesy of Pinnacle &nbsp;<\/em><\/p>\n<p><em>If you\u2019d like to be featured in Brokers\u2019 Corner, send your deal to&nbsp;<strong><a href=\"mailto:deals@cpe-mhn.com\">deals@cpe-mhn.com<\/a><\/strong>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company facilitated the $1 million acquisition of a single-tenant, net-leased property located in a King Soopers-anchored shopping center in Westminster.<\/p>\n","protected":false},"author":748,"featured_media":1004304719,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1587,21783,21742,21749,15],"tags":[33536,39143],"class_list":["post-1004304713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-denver","category-investment","category-latest","category-retail","category-west","tag-1031-exchange","tag-the-pinnacle-companies"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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