7357 Grandview AveArvada, CO 80002

Property Details for 7357 Grandview Ave

Year built

2022

Property size (Sq ft)

4,219 SF

Property type

Commercial real estate

APN

39-114-17-049

APU

3911417049

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $887,476

  Hospitality

  $812,923

  Educational

  $676,343

  Medical

  $699,603

  Retail

  $1,052,088

Location Insight

City

Arvada

County

Jefferson

State

Colorado

Latitude

39.7998

Longitude

-105.079

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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