5637 Himalaya StCentennial, CO 80015

Property Details for 5637 Himalaya St

Year built

2003

Construction

FRAME

Lot size

0.99 AC

Property size (Sq ft)

9,364 SF

Zone code

AMU

Property type

Day care centers & nurseries

APN

2073-15-4-31-002

APU

207315431002

Description

This exceptional investment opportunity presents a 10,400 square foot, single-tenant, net-leased daycare center located at 5637 S Himalaya St, Centennial, CO 80015, within the thriving Denver Metropolitan Statistical Area. The property, built in 2003 and situated on a 0.99-acre lot, is currently 100% occupied by Nest Schools, a nationally expanding early education company with 46 existing locations and plans for over 200 more. The absolute triple-net (NNN) lease boasts a remaining term of approximately 13.7 years, commencing July 1, 2023, and expiring July 31, 2038. The lease includes favorable 2% annual rent escalations, ensuring consistent income growth. The current asking price is $4,853,333, representing a compelling cap rate of 6.12% and a price per square foot of $466.67. The property generates a substantial net operating income (NOI) of $297,024 annually. Nest Schools' corporate guarantee provides significant tenant credit strength. The property benefits from its location in affluent Centennial, a Denver suburb with a dense population of 121,320 residents within a 3-mile radius, boasting an average household income of $139,012. The Denver MSA demonstrates consistent growth, projected to surpass 3.6 million residents by 2030. Nearby retail amenities include Lowe's, Petco, Sprouts, King Soopers, Home Depot, Walmart Supercenter, Sam's Club, and Starbucks. The tenant's experienced founders bring over 30 years of industry expertise. This investment offers a secure, high-yield opportunity with significant long-term growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,718,038

  6.5%

  $1,585,881

  7%

  $1,472,604

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,112,461

  Geo Method

  $889,702

• Alternative Use

  Use

  Valuation

  Residential

  $2,011,758

  Hospitality

  $1,842,759

  Educational

  $1,533,154

  Medical

  $1,585,881

  Retail

  $2,384,906

Location Insight

City

Centennial

County

Arapahoe

State

Colorado

Latitude

39.615

Longitude

-104.755

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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