This exceptional investment opportunity presents The Shops at Olde Town Station, a brand-new, 15,117-square-foot retail center in Arvada, Colorado. Completed in 2023, this Class A property boasts a prime location at the signalized intersection of Wadsworth Bypass and West 56th Avenue, enjoying high visibility with over 70,000 vehicles passing daily. The center is 100% occupied by five nationally recognized tenants: Smash Burger, Snooze, Parry's Pizzeria, Cava, and Everbowl, all operating under long-term triple-net (NNN) leases with built-in rent increases, ensuring stable cash flow. The property features two single-story buildings, offering a diverse mix of QSR, fast food, and storefront tenants. With a strong net operating income (NOI) of $602,765 and a 6.03% cap rate, this fee-simple offering presents a compelling return on investment. The property benefits from its proximity to major transportation arteries, including I-70, and is surrounded by a dense population with high average household incomes exceeding $123,113 within a 3-mile radius. Adjacent to a large multi-family community and a Residence Inn by Marriott, the center enjoys significant foot traffic and consumer synergy. The asking price is $10,000,000, representing a price per square foot of $661.51. This is a rare opportunity to acquire a core-profile, newly constructed retail asset in the Denver MSA with minimal near-term capital expenditure needs. The property's irreplaceable location and strong tenant lineup provide long-term stability and growth potential. The Jefferson County property features APN 518781.
Highlights
Brand new, unanchored strip center, built in 2023.
Low capital expenditure needs for the buyer.
Strong tenant lineup with favorable net lease terms; long-term leases, built-in rent increases ensure stable cash flow.
Fully leased to national tenants.
Excellent location with over 70,000 vehicles per day on Wadsworth Blvd.
Easy access to Downtown Denver and the Denver metro area via I-70 and I-25.
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Contacts
Matthew Henrichs
Parker Brown
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7220 56Th Ave, Arvada, Colorado, 80002
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7220 56Th Ave
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