15601 6Th Ave, Aurora, CO 80011
21,001 SF | 100% Leased | Retail Building | Aurora, CO 80011 | $4,200,000 ($200/SF) | 6.20% Cap Rate
For Sale
Active
Asking Price $4,200,000
- Property Type
-
Retail
- Square Feet
- 21,001 SF
- Price / Square Foot
- $200
Listing Contacts
Dallas Sandberg
Corey Sandberg
Property Overview
15601 E 6th Avenue is a fully occupied, two-tenant NNN investment located in a rapidly growing area of Colorado. This 21,001-square-foot property is listed for $4,200,000, offering a 6.20% in-place capitalization rate. The automotive-focused asset features strong tenants and favorable leases with minimal landlord responsibilities (limited to roof and structure). One of the tenants, Chase Automotive, is a well-established, locally owned auto repair shop that has operated at this location for over 15 years. The other tenant, Point S Tire & Auto Service, is a nationally recognized franchise managed by local operators with multiple locations across Colorado.
Situated on a 2.18-acre lot, the property offers ample parking for tenants and customers. It is ideally located at a signalized intersection with high traffic flow from two of Aurora's major thoroughfares: 6th Avenue and Chambers Boulevard. Additionally, it provides convenient access to I-225, I-25, and I-70. In the past five years, several capital improvements have been completed, including upgrades to the roof, RTUs, and flatwork. Notably, the roof comes with a 10-year transferable warranty, effective from 2021.
Situated on a 2.18-acre lot, the property offers ample parking for tenants and customers. It is ideally located at a signalized intersection with high traffic flow from two of Aurora's major thoroughfares: 6th Avenue and Chambers Boulevard. Additionally, it provides convenient access to I-225, I-25, and I-70. In the past five years, several capital improvements have been completed, including upgrades to the roof, RTUs, and flatwork. Notably, the roof comes with a 10-year transferable warranty, effective from 2021.
Property Details
- Class
- C
- Year Built/Renovated
- 1986/2020
- Stories
- 1
- Property Subtype
- Vehicle Related
- Lot Size (sq. ft)
- 94,961 SF
Highlights
- Attractive two tenant NNN asset
- Large lot (2.18 ac)
- Recent capital expenditures to roof (2021), RTUs (2020), flatwork & striping (2020)
- Tenured tenants
- Large traffic count on E 6th Avenue, averaging 29,666 vehicles per day
- 100% Occupied with generous annual rent escalations
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