The Fiesta on the corner of Studewood and 14th St. in the Heights still has “a couple more years” left on its lease, but Weingarten Realty has put the property up for sale.
The 28,466-sq.-ft. grocery store sits on a 1.76 acre site. Also included: 2 neighboring lots off Algregg St. used for parking and a third with a bungalow-turned shop on it.
The asking price, at just under $3.5 million, yields a cap rate of just 4.19 percent — or a decent-size chunk of the Heights for $38 a square foot.
- 14th & Studewood [Page Partners]