For Sale
$2,400,000

7357 Grandview AveArvada, CO 80002

Arvada, CO: Prime Retail Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Class A, 4,007 square foot retail storefront in Arvada, Colorado, presents a compelling net lease investment opportunity. Built in 2022, the property boasts three credit-rated tenants with multiple Colorado locations, secured by long-term NNN leases featuring 3% annual escalations. The 7.27% cap rate, coupled with a strong NOI of $174,432, reflects the property's exceptional financial performance. Located at 7357 Grandview Avenue, in the heart of Olde Town Arvada, this property benefits from high foot traffic, ample off-street parking, and proximity to a 600-space free parking garage. The building sits within a vibrant mixed-use corridor, adjacent to a 252-unit apartment complex and a 119-room Residence Inn. Two tenants, 4EverYoung and Sweep Salon, are under five-year NNN leases, while Heaven Creamery is on a ten-year NNN lease. The asking price is $2,400,000, translating to $598.95 per square foot. The 12,937 square foot lot and one secure, climate-controlled parking space further enhance this attractive investment. This property offers a stable, high-yield investment in a rapidly growing market.

Highlights

  • Class A, 4,007 SF retail storefront in Olde Town Arvada, CO.
  • Three credit-rated tenants with multiple Colorado locations on long-term NNN leases.
  • Brand new construction (2022) with a 7.27% cap rate and $174,432 NOI.
  • High foot traffic location with ample off-street parking and proximity to a 600-space parking garage.
  • Located in a mixed-use area near a 252-unit apartment complex and a 119-room hotel.
  • Leases include 3% annual escalations; 4EverYoung and Sweep Salon have 5-year leases, Heaven Creamery has a 10-year lease.

Property Details for 7357 Grandview Ave

Property type
Retail properties, Retail space
Square Feet
4,007 SF
Class
A
Year Built
2022

Location Insight

City
Arvada
County
Jefferson
State
Colorado
Latitude
39.7997136
Longitude
-105.0791209
7357 Grandview Ave, Arvada, Colorado

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7357 Grandview Ave
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