fully leased retail strip center located minutes from the denver international airport16221 E 40th Avenue, Denver, CO 80239

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the shops at gateway parknet leased retail strip center

REntAblE SF . . . . . . . . . . . 10,015 SFPRiCE PER SF . . . . . . . . . . . $456OCCuPAnCy . . . . . . . . . . . 100%yEAR built . . . . . . . . . . . 2005lAnD AREA . . . . . . . . . . . 1 .55 ACAvg CuRREnt REnt . . . . $29 .59PARking SPACES . . . . . . 66*PARking RAtiO . . . . . . . . 6 .6/1000**estimated

PRICE: $4,562,000CAP: 6.50%noI: $296,328

Listing Team Contact Info

Listed in conjunction with CO Licensed Broker:David Leuthold, Leuthold Commercial Propertiesdavid@leutholdcommercial .com | 303-871-9000

REtAIl stRIP CEntER loCAtEd In thE AffluEnt noRthEAst quAdRAnt of dEnvER, Co

Capital Pacific collaborates . Click Here to meet the rest of our San Francisco team .

dave lucasdlucas@capitalpacific .com | (415) 274-7390CA BRE# 01389761

joe caccamojcaccamo@capitalpacific .com | (415) 274-7394CA BRE# 01191110

The subject property is located within the prestigious Gateway Park, a mixed-use development that encompasses over 1,200 acres on the border of Aurora and Denver . The park is located just minutes from the Denver International Airport .

The subject property is 100% leased to three attractive local restaurant operations: Urban Sombrero, Anthony’s Pizza, and Thai Chili & Sushi and a liquor store . The tenants benefit from the traffic of the airport targeted hotels in the immediate area and mass transit within walking distance . There are also numerous casual dining restaurants in the immediate area servicing the hotels and visitiors to DIA, including Outback Steakhouse, Applebee’s, and Uno Pizzeria .

The center presents the opportunity for an investor to acquire a stabilized, retail strip center in a high demand, affluent area of Denver, CO .

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investment highlights

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

gateway center | 2

112,000 Residents within a 5-mile radius with AN average household income of $133k

core characteristics

100% LEASED RETAIL STRIP CENTERThe subject property is fully occupied with strong, long-term tenants on NNN leases, with all tenants reimbursing for operating expenses associated with the shopping center .

LoCATED oN RouTE To DENvER AIRPoRTThe subject property is strategically located at the convergence of I-70 and Peña Boulevard . Peña Boulevard is the main thoroughfare going to Denver International Airport and has average daily traffic counts in excess of 65,200 .

STRATEgIC LoCATIoN IN DENvERThe subject property is strategically located equidistant between Denver International Airport and downtown Denver . The site is within walking distance to 40th Avenue and Airport Boulevard - Gateway Park, a public-transit light rail providing direct access to Denver International Airport .

AffLuENT DEmogRAPhICSThe subject property boasts strong, affluent demographics of 58,700+ people within a three-mile radius with an average household income exceeding $109,000 . There are 112,000+ people within a five-mile radius with an average household income in excess of $113,000 .

LoCATED IN ThE gATEwAy PARk of DENvERGateway Park is a well-known 1,200-acre mixed-use development located minutes from Denver International Airport . The park has very successful multi-family, office, retail and industrial projects . Gateway Park includes over 600,000 SF of office space, over 2,200,000 SF of industrial space, over 580,000 SF of retail buildings, 918 residential units, and 12 hotels . Kärcher North America, a manufacturer of commercial, industrial, and consumer cleaning equipment, relocated their North American headquarters to the Gateway Park . Other notable tenants within the park include Lockheed Martin, Billtrust, FedEx, Trad Networks, and Paychex North America .

NEARby LoDgINgThe subject property is surrounded by 12 hotels including the Hilton Garden Inn, Denver Airport Marriott, Aloft Denver International Airport, Cambria Hotel & Suites, and Hampton Inn Suites . The tenants in the subject property benefit from the hotel patrons in the immediate area .

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

gateway center | 3

subject property

fully-leased retail

strip center

gateway center | 4

subject property

close proximity to airportif you are staying at an airport hotel in denver, you will be staying in the gateway development.

Green valley middle school, elvie dennis elementary school, vista

academy, z place early education, & soar elementary charter school

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

(11 miles, 10 min)

68,000 daily70

peña boulevard65,200 daily

1,500 scheduled commercial flights

daily

denver international

airport

2,688 hotel rooms currently & 144

hotel rooms under construction

94,000 sf office complex to be

built

gateway center | 5

denver international airport

Passengers using dia annually

58 Million

non-stoP service destinations

187+Busiest airPort in

the world

18thBusiest airPort in

the u.s.

6th

revenue generated for the region annually

$26 Billion

At 33,531 acres, Denver International Airport is the largest airport in the United States by total land area . Runway 16R/34L, with a length of 16,000 feet, is the longest public use runway in the United States . As of 2016, DIA was the 18th busiest airport in the world and the 6th busiest in the United States by passenger traffic with over 58 million passengers . It also has the third largest domestic connection network in the country . The airport features 133 gates spread out over three detached, yet internally connected, linear concourses (A, B & C) .

DIA has non-stop service to destinations throughout North America, Latin America, Europe, and Asia serving 187 destinations in 2015 . The airport is in northeastern Denver and is operated by the City & County of Denver Department of Aviation . DIA was voted as the “Best Airport in North America” by readers of Business Traveler Magazine for six years in a row and was named “America’s Best Run Airport” by Time Magazine .

As of 2017, Denver International Airport has been rated by Skytrax as the 28th “Best Airport in the World,” falling to second place in the United States behind only Cincinnati/Northern Kentucky International Airport . Skytrax also named DIA as the second “Best Regional Airport in North America” for 2017, and the fourth “Best Regional Airport in the World .”

The airport is the main hub for Frontier Airlines and Great Lakes Airlines . It is also the fourth-largest hub for United Airlines with 375 daily departures to 141 destinations . The airport is Southwest Airlines’ fourth most utilized airport and fastest-growing market, with 190 daily departures to nearly 60 destinations .

READERS OF buSinESS tRAvElER mAgAzinE vOtED DiA AS

“best airport in north america“

2017 SkytRAx wORlD AiRPORt AwARDS

“no. 3 best airport serving 50-60

million passengers per year“

2017 SkytRAx wORlD AiRPORt AwARDS

“no. 4 world’s best regional

airport“

gateway center | 6

CurrentCurrentCurrentCurrent CurrentCurrentCurrentCurrent

Price: $4,562,000 Proposed Loan Amount $3,193,400

Capitalization Rate: 6.50% Loan to Value 70%

Price Per Square Foot: $455.52 Interest Rate 4.75%

Down Payment 30% $1,368,600 Amortization 25 Year

Loan Amount 70% $3,193,400 Term 10 Year

Total Leased (SF): 100.00% 10,015 Lender Type Bank

Total Vacant (SF): 0.00% 0 Net Operating Income $296,328

Total Rentable Area (SF): 100.00% 10,015 Debt Service ($218,474)

INCOMEINCOMEINCOMEINCOME Per Square FootPer Square FootPer Square FootPer Square Foot Pre-Tax Cash Flow $77,854

Scheduled Rent* $29.59 $296,328 Debt Coverage Ratio 1.36

Estimated Recovery $6.75 $67,622 Cash-on-cash Return 5.69%

CAM Admin Fee $0.21 $2,095 Principal Pay down (Year 1) $68,260

EFFECTIVE GROSS INCOMEEFFECTIVE GROSS INCOMEEFFECTIVE GROSS INCOMEEFFECTIVE GROSS INCOME $366,045$366,045$366,045$366,045 Total Return $146,115

Yield 10.68%

ADJUSTED GROSS INCOMEADJUSTED GROSS INCOMEADJUSTED GROSS INCOMEADJUSTED GROSS INCOME $366,045$366,045$366,045$366,045

EXPENSEs (2017 Projections)EXPENSEs (2017 Projections)EXPENSEs (2017 Projections)EXPENSEs (2017 Projections) Property taxes (NNN) ($3.99) ($40,000)

Insurance (NNN) ($0.67) ($6,670)

Building Maintenance ($0.15) ($1,500)

Signage/Light ($0.18) ($1,767)

Site Maintenance ($1.29) ($12,870)

Utilities - Lights/Parking ($0.16) ($1,615)

Fire Alarm/Security ($0.32) ($3,200)

Management Fee ($0.21) ($2,095)

TOTAL OPERATING EXPENSESTOTAL OPERATING EXPENSESTOTAL OPERATING EXPENSESTOTAL OPERATING EXPENSES ($6.96)($6.96)($6.96)($6.96) ($69,717)($69,717)($69,717)($69,717)

NET OPERATING INCOMENET OPERATING INCOMENET OPERATING INCOMENET OPERATING INCOME $296,328$296,328$296,328$296,328

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

income & expense

gateway center | 7

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

rent roll

[ REPRESENTATIVE PHOTO ]

Unit Tenant Sq. Ft. Percent of Lot Start End Monthly RentAnnual

RentRent/FT/YR

A Urban Sombrero 4,000 39.94% 7/1/2009 6/30/2024 $9,666.67 $116,000.04 $29.00

Increase 7/1/2019 6/30/2024 $10,666.67 $128,000.04 $32.00

B Anthony's Pizza 2,000 19.97% 7/15/2006 7/31/2018 $4,875.00 $58,500.00 $29.25

Option 1 8/1/2018 7/31/2023 FMV FMV FMV

Option 2 8/1/2023 7/31/2028 FMV FMV FMV

C Thai Chili 2,000 19.97% 5/8/2014 5/31/2019 $4,633.33 $55,599.96 $27.80

Increase 6/1/2018 5/31/2019 $4,737.00 $56,844.00 $28.42

Option 1 6/1/2019 5/31/2024 FMV FMV FMV

D DNC Liquors, LLC 2,015 20.12% 8/1/2013 7/31/2018 $5,519.00 $66,228.00 $32.87

Option 1 8/1/2018 7/31/2023 $5,629.38 $67,552.56 $33.52

Current Totals: 10,015 100.00%

Occupied 10,015 100.00% Monthly Rent: $24,694.00

Vacant 0 0.00% Annual Rent: $296,328.00

RENTal RatesLease TermsTenant Info

Option shall have 2% annual increase

gateway center | 8

SitE PlAn kEy

PARCEL OUTLINE:

RENTABLE AREA: 10,000 SF

INGRESS/EGRESS:

site plan

13,900 DAilyE 40th Avenue

Airp

ort w

ay

Andrews way

mem

phis

Cou

rt

mOnumEnt Sign

AnthOny’S PizzA

thAi Chili & SuShi

DnC liquORS

This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies. gateway center | 9

ZOOMED-IN aerialbenefitting from high traffic counts due to surrounding hotel accomadations

70

7070

70

36

36

36

Peña

bou

leva

rd

Peña boulevard

Peña

bou

leva

rd

Peña boulevard

E 40th AvenueE 40th Avenue

Cham

bers

Roa

dCh

ambe

rs R

oad

PuSh Academy

®

denver city center

housing(58,754 residents within 3 miles)

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

13,900 daily

22,5

97 d

ail

y

68,000 daily

65,2

00 d

ail

y

best western hotel currently

under construction

gateway strip center

DnC liquORS

94,000 sf office complex to be

built

gateway center | 10

ZOOMED-OUT aeriallocated along the main thoroughfare servicing the denver airport

70

70225

85

36

36

2

Peña boulevard

E 40th Avenue

E 56th AvenueE 56th Avenue

Peña

bou

leva

rd

Cham

bers

Roa

d

tow

er R

oad

tow

er R

oad

270

76

green valley ranch golf

club

green valley Ranch middle

School

noel middle School

maxwell Elementary

mcglone Academy

Farrell b. howell Ece-8

John Amesse

Elementary

high tech Elementary

Second Creek Elementary

turnberry Elementary

Stuart middle School

Change Christian Academy

montbello high School

northfield high School

Adams City high School

highline Academy northeast

high Point Academy

Omar D. blair Charter

School

The Shops at Northfield Stapleton

Quebec Square

denver city center

housing(112,795 residents

within 5 miles)

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

gateway strip center

DnC liquORS

(11 miles, 10 min)

denver international

airport

gateway center | 11

tenants

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Lease is signed by J . ALEXANDER INVESTMENT, INC ., a Colorado corporation, and is personally guaranteed by tenant .Anthony’s Pizza has its humble beginnings in a small storefront location in downtown Denver, just off the 16th Street Mall . Today there are 24 Anthony’s locations across the city . Anthony’s has expanded to serve fresh-cooked pastas, salads, and appetizers, but still retains an intimate, casual family atmosphere . They use only the highest quality ingredients - like their pure Italian-imported olive oil, premium pizza dough, and blocks of 100% whole milk mozzarella cheese shredded by hand to create pizzas from their original Anthony’s recipe .

ANThoNy’S PIzzA & PASTALease is signed by MG Services, Inc, and is personally guaranteed by tenant . Urban Sombrero Bar & Grill is a Mexican Restaurant that also serves as a sports bar for Denver residents and visitors . The menu includes a wide variety of new and traditional Mexican fare, including Burritos, Chimichangas, Carnitas, and more . Their burger selection features 1/2 lb grass fed beef, paired with high quality ingredients . They have a solid selection of Mexican food, beer and Margaritas, and large TV’s .

uRbAN SombRERo

Lease is signed by HAPPY ENDING, LLC, and is personally guaranteed by tenant . Thai Chili & Sushi Restaurant offers delicious tasting Thai and Japanese Cuisine as well as some Asian specialties . Thai Chili & Sushi’s convenient location and affordable prices make the restaurant a natural choice for dine-in, take-out meals in the Denver community . The restaurant is known for its variety in taste and high quality fresh sushi .

ThAI ChILI & SuShI

Lease is signed by D .N .C . Liquors, LLC, and is personally guaranteed by tenant .DNC Liquors is a family owned business in the Denver area . DNC Liquors has a wide selection of liquor, beer, and wine .

DNC LIquoRS

gateway center | 12

surrounding retail

subject property is surrounded by 12 hotel

accomadations with a total of 2,688 rooms

gateway center | 13

2017 household incomes

population

top employers in denver, co

demographics & map

Employer # of Employees*Denver International Airport 35,000 Denver Health 5,418Century Link 4,000Colorado State University 4,000

SubJECt PROPERty mARkEt lOCAtiOn

REgiOnAl mAP

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

1-mile 3-mile 5-mile

2010 7,111 52,127 98,0002017 7,616 58,754 112,7952021 8,152 64,773 129,208

1-mile 3-mile 5-mile

Average $92,313 $109,659 $113,488Median $77,649 $97,477 $95,062

13,900 dailye 40th ave

subject property

subject property

denver

20 min13 miles

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denver connection: “connecting the airport with the city”

The Denver Connection is a 400-acre master planned, mixed-use development surrounded by the fast growing Green Valley Ranch Community . It is envisioned to provide high and low rise office, retail, hospitality, research and development, industrial, and residential space at the confluence of I-70 and Pena Boulevard near Denver International Airport . With easy access to I-70, multiple modes of transportation, and just 3,000 feet to the 40th Avenue Commuter Rail Transit Station, which connects to downtown Denver and DIA, Denver Connection offers a unique location and connectivity unparalleled in the area .

Quality architecture, high development standards, and great visibility will be the draw for strong tenants interested in Denver and access to Denver International Airport . The property is surrounded by commercial, residential, and transit oriented construction exceeding $2 billion as well as top national and multinational companies .

gateway strip center

gateway strip center

gateway strip center

[ www.DEnvERCOnnECtiOn.COm ]Click for

Info

gateway center | 15

denver, co

Denver, known as the Mile High City, rests on the eastern edge of the Rocky Mountains at 5,278 feet in elevation . It is the state capital and most populous city in Colorado with a population of 682,545 within the city and 3 million within the MSA .

The Denver MSA had a gross metropolitan product of $178 billion in 2016, making it the 18th largest metropolitan area economy in the United States . The city’s relatively central location makes it a natural location as a distribution hub for the American west, while also supporting a number of growing industries in technology, telecommunications, and energy .

The city is home to many nationally recognized museums, the second largest performing arts center in the nation, and three downtown stadiums hosting the city’s football, baseball, basketball, and hockey teams . Denver has gained a reputation as being a very active, outdoor oriented city because of its proximity to the mountains and generally sunny weather .

Denver has been ranked the #1 Best Place to Live in 2016 by U .S . News & World Report, and #1 on Forbes 2016 List of Best Places for Business and Careers .

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

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thE CAPitAl PACiFiC ExPERiEnCE - OuR DAily COmmitmEnt tO OuR CliEntS

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[ Copyright © 2017 Capital Pacific ]

ChRiS kOStAnECki

ChRiS PEtERS

DAvE luCAS

zAnDy Smith

JACk nAvARRA

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JOhn AnDREini

JOE CACCAmO

Capital Pacific collaborates . Click Here to meet the rest of our San Francisco team .

DAvE luCASdlucas@capitalpacific .com | (415) 274-7390 CA BRE# 01389761

JOE CACCAmOjcaccamo@capitalpacific .com | (415) 274-7394 CA BRE# 01191110

Listed in conjunction with CO Licensed Broker:David Leuthold, Leuthold Commercial Propertiesdavid@leutholdcommercial .com | 303-871-9000