5637 Himalaya StCentennial, CO 80015

  • Specialty properties
  • 9,364 SF
For Sale
$4,853,333 View listing

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
Specialty properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
5637 Himalaya St, Centennial, Colorado

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$52,091
-
-
$872,433
-
$646,665
$2,510,335
$3,157,000

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