5240 78 PlWestminster, CO 80003

Property Details for 5240 78 Pl

Year built

1979

Construction

STEEL FRAME

Lot size

0.58 AC

Property size (Sq ft)

4,527 SF

Property type

Day care centers & nurseries

APN

29-361-01-056

APU

2936101056

Description

Exceptional investment opportunity featuring a 4,527 square foot, single-story daycare facility in Westminster, Colorado. This property, built in 1981 and renovated in 2020, sits on a 0.58-acre lot and is currently 100% occupied by Shapes of Tomorrow Montessori under a new 5-year lease commencing June 1, 2024, and expiring May 31, 2029. The lease includes a tenant option for a further 5-year renewal. The property boasts a Net Operating Income (NOI) of $84,000 in year one, projected to increase to $98,345 by year five, resulting in a pro-forma cap rate of 7.45%. The lease is structured as a Triple Net (NNN) lease, meaning the tenant is responsible for all operating expenses. Annual rent escalations of 3% are built into the lease for years three through five, starting at $7,000 per month in year one. The property is zoned PUD and features a fully equipped and fenced playground. This investment offers a stable income stream with significant growth potential in a desirable location within a thriving community. The asking price is $1,320,000, representing a price per square foot of $291.58. This is a turnkey investment with minimal landlord responsibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $813,232

  6.5%

  $750,676

  7%

  $697,056

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,059,460

  Geo Method

  $430,124

• Alternative Use

  Use

  Valuation

  Residential

  $952,264

  Hospitality

  $872,269

  Educational

  $725,718

  Medical

  $750,676

  Retail

  $1,128,894

Location Insight

City

Arvada

County

Jefferson

State

Colorado

Latitude

39.8383

Longitude

-105.055

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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