17151 Golden RdGolden, CO 80401

Property Details for 17151 Golden Rd

Year built

2009

Property size (Sq ft)

6,000 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This 6,000 sq ft, single-story building in Golden, CO, houses an Advance Auto Parts store. Built in 2009, it's situated in a high-traffic area with over 16,000 vehicles daily. The property boasts a 15-year lease (expiring 12/31/2031), with 7.4 years remaining, featuring a corporate guarantee from Advance Auto Parts (investment-grade credit). The current rent is 20% below market value, offering significant upside potential. The property benefits from a strong location near major retailers like King Soopers, McDonald's, Walgreens, Starbucks, and Bank of America, within a 5-mile radius boasting a population exceeding 114,000 and an average household income of $141,959. The asking price is $1,555,556, with a 6.75% cap rate and a net operating income (NOI) of $105,000. The lease includes 5% rent bumps in options. This fee-simple ownership opportunity presents a compelling investment in a thriving retail market, just 5 miles north of Red Rocks Amphitheatre and 10 miles west of downtown Denver. The property enjoys 100% occupancy since its opening on October 27, 2009.

Location Insight

City

Golden

County

Jefferson

State

Colorado

Latitude

39.7378

Longitude

-105.193

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