For Sale
$4,467,000

9064 Mineral AveCentennial, CO 80112

High-yield daycare center, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
120
This exceptional investment opportunity presents a 10,583-square-foot freestanding daycare center in Centennial, Colorado, currently leased to The Nest Schools. The property boasts a 15-year absolute NNN lease with a 6.65% cap rate and a substantial net operating income (NOI) of $297,024. The lease includes attractive 2% annual rent bumps, ensuring consistent income growth. The building underwent a complete renovation in 2023, situated on a 1.69-acre lot. Located at 9064 E Mineral Ave, 80112, this property benefits from its prime location in a high-growth area of Centennial, a thriving Denver suburb with strong demographics. Average household incomes within a 5-mile radius exceed $160,215, reflecting an affluent and stable market. The property's strategic placement near major national retailers such as IKEA, Costco, In-N-Out, Nordstrom, Macy's, and Golf Galaxy ensures high visibility and significant foot traffic. This is a truly hands-off investment, ideal for passive income seekers. The lease is guaranteed by the tenant's ultra-high-net-worth founder. The asking price is $4,467,000, translating to a price per square foot of $422.09 and a rent of under $30 per square foot. This presents a rare opportunity to acquire a stable, high-performing asset in a desirable location.

Highlights

  • Brand new 15-year lease with 2% annual rent increases.
  • Absolute NNN lease, a truly hands-off investment.
  • Lease guaranteed by tenant's ultra-high-net-worth founder.
  • Rent below $30/SF and price below $500/SF.
  • Thriving Centennial, CO location with 7.6% population growth since 2020.
  • Affluent demographics; average household income within 5 miles exceeds $160,215.

Property Details for 9064 Mineral Ave

Property type
Day care centers & nurseries, Retail properties
Square Feet
10,583 SF
Year Renovated
2023
Lot Size (sq. ft)
73,616 SF

Location Insight

City
Centennial
County
Arapahoe
State
Colorado
Latitude
39.573581
Longitude
-104.884931
9064 Mineral Ave, Centennial, Colorado

FAQs

What type of property is this?
Day care center & nursery - High-yield daycare center, NNN lease.
Where is the day care center & nursery located?
The property is located at 9064 Mineral Ave Centennial, CO.
What is the asking price?
The asking price for this property is $4,467,000.
What are key features of this property?
This property features: Brand new 15-year lease with 2% annual rent increases.; Absolute NNN lease, a truly hands-off investment.; Lease guaranteed by tenant's ultra-high-net-worth founder.
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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9064 Mineral Ave
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