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4255 Santa Fe Dr Englewood, CO 80110

High-yield, stabilized storefront in Englewood, CO.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
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

FAQs

What type of property is this?
Retail property - High-yield, stabilized storefront in Englewood, CO.
Where is the retail property located?
The property is located at 4255 Santa Fe Dr Englewood, CO.
What are key features of this property?
This property features: 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.
How can I contact the broker?
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4255 Santa Fe Dr
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