For Sale
$4,200,000

15601 6Th AveAurora, CO 80011

High-yield, multi-tenant NNN retail property.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully occupied, two-tenant net-lease retail property located at 15601 E 6th Avenue in Aurora, Colorado. The property encompasses 21,001 square feet on a 2.18-acre lot, offering ample parking (50 spaces) for tenants and customers. Currently housing Front Range Diesel and Next Stop Automotive, this Class C building boasts 100% occupancy and a strong net operating income (NOI) of $250,527, with a pro-forma NOI of $260,301. The asking price is $4,200,000, representing a 5.96% cap rate and a pro-forma cap rate of 6.20%. Built in 1986, the single-story building benefits from recent capital improvements, including roof upgrades (2021 with a 10-year transferable warranty), RTUs (2020), and flatwork (2020). Leases feature 3% annual rent bumps, providing consistent income growth. The property is zoned B-1 and enjoys a prime location at a signalized intersection with high traffic counts on E 6th Avenue and convenient access to major highways (I-225, I-25, and I-70). The area boasts a population exceeding 370,000 within a 5-mile radius. This is a rare opportunity to acquire a stable, high-performing investment with significant upside potential.

Highlights

  • NNN lease with ~10-year terms.
  • 2.18-acre lot.
  • Recent capital improvements: roof (2021), HVAC (2020), and parking lot (2020).
  • Excellent highway access (Hwys 225, 25, & 70).
  • High traffic count: 29,666 VPD on E 6th Avenue.
  • Dense population: 370,000+ within a 5-mile radius.

Property Details for 15601 6Th Ave

Property type
Retail properties, Auto shops
Square Feet
21,001 SF
Class
C
Year Built
1986
Buildings
1
Stories
1
Lot Size (sq. ft)
94,961 SF

Location Insight

City
Aurora
County
Arapahoe
State
Colorado
Latitude
39.7261514
Longitude
-104.8059287
15601 6Th Ave, Aurora, Colorado

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15601 6Th Ave
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