The Kroger Co. Acquires Former Lowe's Site In Louisville For $22.6 Million
1171 West Dillon Road
$22,600,000
Building Size
—
Asset Type
Retail
Closing
Apr 10, 2026
AI
A Kroger affiliate acquired the former Lowe’s site located at 1171 West Dillon Road in Louisville, Colorado. The site, intended for redevelopment, will be transformed into a 122,000-square-foot King Soopers Marketplace store. The sale was finalized for a total of $22,600,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $22,600,000
- Address: 1171 West Dillon Road
- Market: Louisville, CO
The deal involved The Kroger Co. as the buyer, highlighting its ongoing efforts to enhance its retail presence in the region through strategic acquisitions and redevelopment initiatives.
Players
Louisville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93