For Sale
$2,544,000

14651 Colfax Ave Aurora, CO 80011

High-Cap Rate Auto Parts Retail Building

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 6,742-square-foot free-standing retail building located at 14651 E Colfax Avenue in Aurora, Colorado, 80011. The property, built in 2005, sits on a 0.95-acre lot and boasts 60 parking spaces, providing an ample 8.90 spaces per 1,000 square feet. Currently occupied by a single, national tenant – Advanced Auto Parts – under a triple-net (NNN) lease, this property offers a secure and stable income stream. The building's strong financial performance is highlighted by a Net Operating Income (NOI) of $130,200 and an attractive cap rate of 5.12%. The asking price is $2,544,000. The property's strategic location near I-225 on Colfax Avenue ensures high visibility and accessibility. This is a rare opportunity to acquire a well-maintained, single-tenant retail building leased to a publicly traded company, offering a compelling return on investment with minimal management responsibilities. The property's strong tenant, favorable lease terms, and prime location make it an ideal addition to any investment portfolio. Note that an adjacent multi-tenant building is also available for purchase.

Highlights

  • National tenant Advance Auto Parts occupies this single-tenant retail building.
  • NNN lease; freestanding building near I-225 on Colfax.
  • Adjacent multi-tenant building (also for sale, $3,393,900) features three national tenants.
  • Ample parking: 60 spaces, 8.90/1,000 ratio.

Property Details for 14651 Colfax Ave

Property type
Retail properties, Auto shops
Square Feet
6,742 SF
Year Built
2005
Lot Size (sq. ft)
41,382 SF

Location Insight

City
Aurora
County
Adams
State
Colorado
Latitude
39.7407898
Longitude
-104.8176007

FAQs

What type of property is this?
Retail property - High-Cap Rate Auto Parts Retail Building
Where is the retail property located?
The property is located at 14651 Colfax Ave Aurora, CO.
What is the asking price?
The asking price for this property is $2,544,000.
What are key features of this property?
This property features: National tenant Advance Auto Parts occupies this single-tenant retail building.; NNN lease; freestanding building near I-225 on Colfax.; Adjacent multi-tenant building (also for sale, $3,393,900) features three national tenants.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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14651 Colfax Ave
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