For Sale
$12,500,000

12405 Mississippi AveAurora, CO 80012

High-Yield Retail Center in Aurora, CO

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Aurora, Colorado shopping center presents a compelling investment opportunity. Boasting 95,931 square feet across five single-story buildings on a 6.82-acre lot, this property is currently 100% occupied by 24 tenants. Built between 1979 and 1984, and significantly renovated in 2018 (including over $1.3M in roof and HVAC replacements, plus $450,000 in parking lot, landscaping, and exterior improvements), the center offers exceptional stability. The property enjoys a prime location on East Mississippi Avenue, with high daily traffic counts (approximately 36,000 vehicles). Access is convenient, featuring multiple access points. The asking price is $12,500,000, representing an attractive 8.59% cap rate and a strong NOI of $1,073,318. Leases are primarily NNN, with most including a 15% administrative fee. Current rents range from $7.43 to $20.00 per square foot, averaging $11. The property is zoned B1 and offers significant upside potential through future rent bumps. This is a rare opportunity to acquire a well-maintained, high-performing retail asset in a thriving Colorado market, well below replacement cost.

Property Details for 12405 Mississippi Ave

Property type
Lifestyle centers, Power centers
Square Feet
95,931 SF
Year Built/Renovated
1979/2018
Buildings
5
Stories
1
Lot Size (sq. ft)
297,079 SF
Units
28

Location Insight

City
Aurora
County
Arapahoe
State
Colorado
Latitude
39.6970557
Longitude
-104.8444587
12405 Mississippi Ave, Aurora, Colorado

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12405 Mississippi Ave
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