For Sale
$2,400,000

7357 Grandview Ave Arvada, CO 80002

Arvada, CO: Prime Retail Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
137
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

FAQs

What type of property is this?
Retail property - Arvada, CO: Prime Retail Opportunity
Where is the retail property located?
The property is located at 7357 Grandview Ave Arvada, CO.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 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.
How can I contact the broker?
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7357 Grandview Ave
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