For Sale
$10,000,000

7220 56Th AveArvada, CO 80002

Arvada, CO: 5-Tenant Retail Portfolio

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Property Details for 7220 56Th Ave

Property type
Retail properties, Restaurants
Square Feet
15,117 SF
Class
A
Year Built
2023
Buildings
2
Stories
1
Units
5

Location Insight

City
Arvada
County
Jefferson
State
Colorado
Latitude
39.7979
Longitude
-105.077537
7220 56Th Ave, Arvada, Colorado

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7220 56Th Ave
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