For Sale
$750,000

9601 57Th Pl Arvada, CO 80002

High-Yield Retail Property in Arvada, CO

Overview

Added:
Dec 11, 2024
Days on market:
137
This Arvada, Colorado retail center offers nearly 5,000 square feet of space, ideally situated just off Ralston Road in a rapidly growing area. The property boasts a prime location across from a Walmart shopping center, ensuring high traffic volume and strong tenant support. With 695 new single-family, multi-family, and townhome units under construction within a half-mile radius at Arvada Villa, future growth potential is significant. Currently operating under gross leases, this multi-tenant center presents a compelling opportunity to transition to a triple-net (NNN) lease structure upon renewal, maximizing rental income. The property is priced well below replacement cost at $162 per square foot, representing a strong value proposition. Established long-term tenants provide stable income, while individual meters for gas, electric, and sewer offer efficient utility management. This low-cost retail center is an excellent investment opportunity in a thriving Colorado market. The asking price is $750,000.

Highlights

  • Low-cost multi-tenant retail center totaling nearly 5,000 square feet.
  • Priced well below replacement cost at $162 per square foot, totaling $750,000.
  • Excellent demographics; situated near new development (695+ units) and across from a Walmart shopping center.
  • Long-term, established tenants with stable income and potential for increased returns upon lease renewals to a triple-net (NNN) structure.
  • Individual utility meters for gas, electric, and sewer.

Property Details for 9601 57Th Pl

Property type
Retail properties, Restaurants

Location Insight

City
Arvada
County
Jefferson
State
Colorado
Latitude
39.800958562506
Longitude
-105.10522933021

FAQs

What type of property is this?
Retail property - High-Yield Retail Property in Arvada, CO
Where is the retail property located?
The property is located at 9601 57Th Pl Arvada, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Low-cost multi-tenant retail center totaling nearly 5,000 square feet.; Priced well below replacement cost at $162 per square foot, totaling $750,000.; Excellent demographics; situated near new development (695+ units) and across from a Walmart shopping center.
How can I contact the broker?
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9601 57Th Pl
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