Sidford Capital has sold a former western wear superstore in the Denver area, concluding a relatively short hold on a prominent retail property along Interstate 25. The 4.8-acre site in Greenwood Village, CO, was acquired by Denver-based Grace Chapel for $11.07 million. The faith organization intends to repurpose the existing structure as a 1,000-seat worship center, shifting the former retail venue toward institutional and community use.
The property, located at 8500 East Orchard Rd, comprises approximately 86,000 square feet and was originally constructed in 1977. It first operated as a Shepler’s Western Wear store and later as a Boot Barn, serving as a large-format specialty retail destination. Over time, the building has become recognizable not only for its historic retail tenants but also for its scale and visibility near a major transportation corridor.
Sidford Capital purchased the asset in 2019 for $8.3 million, according to information provided on the transaction. The new sale price of $11.07 million reflects a notable step-up in value over the roughly seven-year period between acquisitions. While detailed financial metrics such as capitalization rates or yields were not disclosed, the pricing history indicates investor interest in well-located, large-footprint properties with potential for reconfiguration.
Architecturally, the building offers characteristics that may translate well to its future use as a worship center. The structure features exposed timber beams and a 30-foot vaulted ceiling, providing generous interior volume and visual interest. In addition, the property offers unobstructed western views of the Rocky Mountains, which help differentiate the asset and could enhance its appeal as a gathering place for a congregation.
On the transaction side, Cushman & Wakefield handled representation for the seller. Brokers Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented Sidford Capital in the disposition, facilitating the sale between the private real estate owner and Grace Chapel. No additional details were provided regarding any planned timeline for the property’s conversion, financing structure, or potential renovation scope associated with Grace Chapel’s plans for the site.
