For Sale
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4255 Santa Fe DrEnglewood, CO 80110

High-yield, stabilized storefront in Englewood, CO.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 4,900-square-foot retail storefront located at 4255 S Santa Fe Dr, Sheridan, CO 80110, within Arapahoe County. The property, built in 1940, boasts a single story and sits on a 0.73-acre lot zoned BUS-1. Currently occupied at 100% capacity under a Net Lease agreement with a single tenant since 2007, the lease extends to October 30, 2027, with five-year options to extend through 2042. Rent increases by 10% with each option period. The property offers a strong net operating income (NOI) of $226,800, resulting in a 6.48% cap rate. The asking price is $3,500,000. Key features include ample parking, excellent visibility from Santa Fe Drive, and a monument sign. This stabilized investment is ideal for a 1031 exchange. The property benefits from a long-term tenant and significant upside potential through lease extensions.

Highlights

  • Stable retail investment with a strong NOI of $226,800 and a 6.48% cap rate.
  • Lease features 10% rent increases every five years through potential extension to 2042.
  • Single tenant occupancy since 2007 under a Net Lease agreement.
  • Additional monthly income of $1,750 from a tenant leasing a portion of the parking lot.
  • Prominent monument sign.
  • Ample parking.

Property Details for 4255 Santa Fe Dr

Property type
Retail properties, Retail space
Square Feet
4,900 SF
Year Built
1940
Stories
1
Lot Size (sq. ft)
31,799 SF

Location Insight

City
Englewood
County
Arapahoe
State
Colorado
Latitude
39.639242
Longitude
-105.0073986
4255 Santa Fe Dr, Englewood, Colorado

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4255 Santa Fe Dr
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