9601-9609 57Th Pl, Arvada, CO 80002
4,640 SF | 100% Leased | Retail Building | Arvada, CO 80002 | $750,000 ($162/SF) | 6.16% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $750,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 4,640 SF
- Price / Square Foot
- $162
Listing Contacts
Sam Leger
Verified Profile
Graham Trotter
Verified Profile
Javier Gonzalez
Verified Profile
- Property Info
Property Overview
Unique Properties Inc. is pleased to present this opportunity to acquire a stabilized, well priced retail center in Arvada, Colorado. This property offers almost 5,000 feet of retail space located just off Ralston Road in a rapidly expanding part of the city. Across the street from a Walmart shopping center, there’s a constant flow of traffic strengthening the tenants. Within a half-mile of Arvada Villa, there are currently 695 new single and multi-family units as well as townhomes under construction which will only increase visits to this property. With current gross leases in place, there’s lots of potential upside as they expire to switch to a NNN lease structure and increase rents to market.
Property Details
- Class
- C
- Year Built
- 1960
- Stories
- 1
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 17,860 SF
Highlights
- Low-cost multi-tenant retail center
- Well below replacement cost at $162 per foot
- Strong demographics near new development
- Long-term established tenants
- Stable income with upside at renewals
- Metered separately for gas, electric, and sewer
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