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1/09/26
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A 4.4k sf, newly constructed single-tenant retail property in Westminster, CO traded hands in a $5.4 mil ($1,227/sf) deal. The property, located at 14588 Delaware St, is fully leased to Postino WineCafe under an absolute NNN lease.
Located within The Orchard Town Center, a 155-acre open-air shopping destination, the property benefits from excellent visibility. Postino WineCafe, operated by Upward Projects, is a fast-growing wine bar and restaurant brand with more than 34 locations across seven states.
The property’s location offers convenient access to major transportation corridors including I-25 and 144th Avenue, facilitating easy connectivity to both Denver and Boulder. The site is surrounded by a mix of residential neighborhoods, commercial centers and recreational amenities, making it an attractive destination for both local residents and visitors.
Cushman & Wakefield’s Chris Hollenbeck, Shane Carter and Mitch Veremeychik represented the seller in the transaction.
"The sale of this property demonstrates the continued investor demand for high-quality, net-leased retail assets in dynamic growth corridors," said Hollenbeck. "This property stands out due to its brand new construction, zero landlord responsibilities and a long-term lease to a nationally recognized tenant. The combination of a corporate guaranty and a vibrant retail location made this an exceptional opportunity for the buyer and a strong addition to their portfolio."
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