For Sale
$2,223,877

6465 Leetsdale DrDenver, CO 80224

High-return Denver storefront, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
123
This exceptional investment opportunity presents a 3,550 square foot storefront located at 6465 Leetsdale Drive, Denver, Colorado 80224. The property sits on a 0.37-acre triangular island lot along the highly visible Leetsdale Drive corridor. Currently occupied by Red Carpet Car Wash and Detailing under a triple-net (NNN) lease, the property boasts 100% occupancy with a remaining lease term of approximately 4.5 years, expiring May 31, 2029. The lease commenced June 1, 2014, and has a total term of 15 years. The asking price is $2,223,877, translating to a price per square foot of $683.94. The property enjoys a strategic location near established commercial properties, including multifamily and single-family residential developments, quick-service restaurants, and educational institutions (middle and high schools). The investment offers a compelling 6.55% cap rate based on an average annual income of $145,664. This stabilized investment is ideal for buyers seeking a strong, long-term return in a prime Denver location. The property's high visibility and proximity to a diverse range of amenities make it a particularly attractive investment prospect.

Highlights

  • 6.55% cap rate based on $145,664 average annual net operating income (NOI).

Property Details for 6465 Leetsdale Dr

Property type
Retail properties, Retail space
Square Feet
3,550 SF

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.7036198
Longitude
-104.9135289
6465 Leetsdale Dr, Denver, Colorado

FAQs

What type of property is this?
Retail property - High-return Denver storefront, NNN lease.
Where is the retail property located?
The property is located at 6465 Leetsdale Dr Denver, CO.
What is the asking price?
The asking price for this property is $2,223,877.
What are key features of this property?
This property features: 6.55% cap rate based on $145,664 average annual net operating income (NOI).; ;
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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6465 Leetsdale Dr
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