For Sale
$5,514,416

5285 Wadsworth BlvdArvada, CO 80002

High-yield PetSmart investment. Strong tenant, long lease.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 26,280-square-foot PetSmart storefront located at 5285 Wadsworth Blvd, Arvada, CO 80002. The property sits on a 4.35-acre lot and boasts a strong location along a major retail corridor with high traffic counts exceeding 69,445 vehicles per day. The property benefits from proximity to I-70 (162,000 CPD+), ensuring excellent visibility and accessibility. The building, constructed in 1999, is currently 100% occupied under an absolute NNN lease with PetSmart, LLC, a leading pet retailer with over 1,660 locations nationwide. The lease commenced January 31, 1999, and has a remaining term of approximately 8.2 years, with four, five-year renewal options at $0.75/SF increases. The current lease provides a corporate guarantee, eliminating landlord responsibilities. The property's strong financial performance is reflected in its 6.00% cap rate and a net operating income (NOI) of $330,865. The asking price is $5,514,416, translating to $209.83 per square foot. The surrounding area features a dense population of 343,837 residents and over 145,500 employees within a 5-mile radius, with an average household income exceeding $101,602 within a 3-mile radius. Synergistic national retailers such as Costco, Home Depot, and Lowe's are nearby, further enhancing the property's value and potential for continued success. This is a rare opportunity to acquire a high-performing, low-maintenance investment with a strong tenant and significant upside potential.

Highlights

  • 26,280 SF PetSmart storefront on a 4.35-acre lot in Arvada, CO.
  • Absolute NNN lease with corporate guarantee; zero landlord responsibilities.
  • Strong location on Wadsworth Blvd, with over 69,445 vehicles per day and proximity to I-70 (162,000 CPD+).
  • Established tenant (PetSmart) with over 1,660 locations nationwide; lease commenced 1/31/1999, with approximately 8.2 years remaining and four 5-year renewal options at $0.75/SF increases.
  • 6.00% cap rate, $330,865 NOI, $5,514,416 asking price ($209.83/SF).
  • Dense demographics: 343,837 residents and 145,500+ employees within a 5-mile radius; average household income exceeding $101,602 within a 3-mile radius.

Property Details for 5285 Wadsworth Blvd

Property type
Retail properties, Retail space
Square Feet
26,280 SF
Year Built
1999
Buildings
1
Lot Size (sq. ft)
189,486 SF

Location Insight

City
Arvada
County
Jefferson
State
Colorado
Latitude
39.793416466471
Longitude
-105.08005087612
5285 Wadsworth Blvd, Arvada, Colorado

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5285 Wadsworth Blvd
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