Gold's Marketplace

Cushman & Wakefield, as exclusive advisor for the Seller, is pleased to present the opportunity to acquire Gold’s Marketplace, a 58,903 square-foot neighborhood retail center (the “Property”). Gold’s has been a cornerstone for Wheat Ridge and the Paramount Heights neighborhood for over 60 years. The quintessential “neighborhood shopping center” is a hallmark and popular daily destination for neighbors near and far. The Property is arranged in an inline fashion running parallel to West 26th Avenue in Wheat Ridge, CO. The center maximizes the topography with a garden level walkout, equating to approximately 20% of the GLA. The Property was originally constructed in 1958, with renovations in 1985 and 2022. The most recent extensive renovation by the current owner upgraded everything necessary to attract high-quality tenants without losing the charm and character of place known to the community for decades. In a tip-of-the-hat to nostalgia, the current owners renamed the center Gold’s Marketplace to recognize the former Gold’s Grocery which was the anchor tenant for three decades. The neighborhood is located west of downtown Denver and features population density, emerging income demographics and is proximate to primary arterials connecting urban environments to the suburbs, and west into the mountain towns. The neighborhood allows for the well-balanced lifestyle that Coloradans seek. The immediate surrounding population totals 105,087 people within a 3-mile radius and has an average household income of $120,901 and a traffic count of 43,555 AVPD.

While located within a neighborhood setting, the Property is 6 miles west of Downtown Denver and 1.5 miles south via Kipling St. and 1.5 miles east via 26th Ave. of Interstate 70, Colorado’s primary east/west interstate connecting metro Denver to world class mountain resorts. Wheat Ridge High School is just a mile away, making the property in an ideal location for student visitors. The consumer is arriving from a neighborhood radius by car, while attracting an unusually wide radius from pedestrians. Denver cyclists frequent West 26th Avenue to access Lookout Mountain, metro Denver’s #1 cycling route. Tens of thousands of rides take place up this 4.5 mile climb, concluding at Buffalo Bill’s Grave and 7,329 ft above sea level. The cycling culture is known for an appreciation of breweries, and Gold’s Marketplace’s newest tenant “The Werks” will embody all of this as a family friendly craft brewery. In addition to the beverages, they will also have a bike rental/repair shop and bowling alley. The space once housed Paramount Lanes, a favorite venue of west Denver, which will tie the past to the present at this thoughtfully renovated and curated tenant mix of Gold’s Marketplace.

The Property is located at the northwest quadrant of Kipling Street and West 26th Avenue. It is 82% occupied to 17 tenants with an emphasis on food & beverage and service-oriented uses. The average in place rent is $21.33/SF, allowing an investor to grow NOI with the success of the tenants over time. Many of Gold’s Marketplace’s tenants can be found in more urban infill locations around Denver, which is a signal of the awareness to follow the consumer as they acquire homes, grow families, and find quality schools within a more suburban setting.