12028 E Mississippi Avenue

Powderhorn Square is a 22,074 square foot strip center consisting of stable local tenants with gross leases. With gross leases soon to expire, the astute investor can easily increase the net operating income by $100,000. This can be achieved by leasing the currently 86% occupied strip center to 95% occupancy and converting the gross leases to triple net.

Powderhorn Square is ideally located on the southwest corner Mississippi Avenue and Peoria Street in the City of Aurora.

Powderhorn Square shares this busy, lit intersection of 65,000 vehicles per day, with Walgreens, Burger King, Blockbuster, Phillips 66, Savers, and the Safeway anchored Peoria Village Shopping Center. The City of Aurora is the third most populous city in the State os Colorado and the 59th most populous city in the United States, with an estimated population of 297,235 in 2005.

12028 E Mississippi Avenue
12028 E Mississippi Avenue
  • Square Footage: 22,270
  • Property Type: Retail
  • Lot Size: 22,720
  • Max. Contiguous: 3,800
  • Rental Rate: 9.47
  • Parking Spaces: 75 Free Surface Spaces; Ratio 3.30/1,000 SF
  • Availability: Available
  • True Owner: Powderhorn Square LLC (303) 694-0992
  • Year Built: 1977
  • TYP Floor: 22,720
  • RBA: 22,720
  • Stories: 2
  • Percent Leased: 100
  • Total Available: 5,600
  • Max. Contiguous: 3,800
  • Average Rent/sf: $9.47