5285 Wadsworth Bypass StArvada, CO 80002

This exceptional investment opportunity presents a fee-simple, absolute NNN leased property occupied by a PetSmart store. Located at 5285 Wadsworth Bypass in Arvada, Colorado (80002), this 26,280 square foot Class A retail building sits on a 4.35-acre lot and boasts a strong location on a major thoroughfare with over 70,000 vehicles per day. The property benefits from a corporate guarantee from PetSmart, LLC, a company with over 1,670 locations and significant revenue. The lease commenced January 31, 1999, and has a remaining term of 8.2 years, with four 5-year renewal options, each including a $0.75 per square foot rent bump. The current asking price is $5,514,416, representing a price per square foot of $209.83 and a 6.00% cap rate. The property's Net Operating Income (NOI) is $330,865, reflecting a 100% occupancy rate. Built in 1999, this single-tenant property enjoys a prime location near other national retailers such as Lowe's, Home Depot, OfficeMax, Costco, and Sam's Club. The densely populated area within a five-mile radius has over 340,000 residents and an average household income exceeding $121,000. According to Placer AI, this PetSmart location ranks in the top 70% of all PetSmart stores in the chain and is adjacent to Colorado's busiest Home Depot. This offering is ideal for 1031 exchange investors seeking a secure, long-term investment with minimal landlord responsibilities.