Sidney, Neb.-based Cabela’s (NYSE: CAB) bought a 10.68-acre plot of land on the southwest corner of Interstate 25 and Ridgegate Parkway for $3.72 million. The purchase was first reported Thursday by Xceligent Inc.
Cabela’s (NYSE: CAB) of Sidney, Neb., opened its first Colorado store — in Grand Junction — two years ago.
Construction of the new Colorado stores is expected to begin this fall.
“Because of the longstanding loyalty of our customers in the Centennial State, the abundance of outdoor opportunities across the region and Denver’s proximity to Cabela’s headquarters, it’s the perfect situation to open two stores,” Cabela’s CEO, Tommy Millner, said in a statement. “This is the first time we’ve simultaneously announced two stores in the same metropolitan area so that says a lot about how we feel about the Denver area. It’s a landmark day.”
Cabela’s will build a 90,000-square-foot store in Thornton, in a new retail development at Interstate 25 and 144th Avenue. Thornton Development LLC, an affiliate of THF Development, is building the new retail complex there.