13900 Mississippi AveAurora, CO 80012
- Retail properties
- 15,376 SF
Property Details for 13900 Mississippi Ave
- Year built
- 1987
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.39 AC
- Property size (Sq ft)
- 15,376 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 1975-19-2-34-002
- APU
- 197519234002
Description
This exceptional investment opportunity presents a ±20,000 square foot, single-tenant retail property located at 13900 East Mississippi Avenue in Aurora, Colorado. The property boasts a 7.25% cap rate and a strong NOI of $210,000. Currently 100% occupied by BioLife Plasma Services, a leading provider of plasma collection services, the lease agreement features a 10-year term with six years remaining until the base lease expires on August 31, 2030, and includes two five-year renewal options. The lease is guaranteed by Takeda Pharmaceutical Company Limited, a publicly traded company, providing significant financial security. The property is situated within a high-traffic retail center in Aurora, offering ample parking and a synergistic mix of neighboring retailers, including Subway, The UPS Store, Burger King, and Burlington. Built in 1987, this single-story building sits on a 20,000 square foot lot and is zoned MU-C. The asking price is $2,895,000, translating to a price per square foot of $144.75. This core investment offers a compelling combination of strong tenancy, favorable lease terms, and a prime location in a thriving retail corridor. The property's APN is 1975-19-2-34-001. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term potential.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,242,436
- 6.5%
- $3,916,095
- 7%
- $3,636,374
-
Comparable approach
- Method
- Valuation
- Relative Method
- $7,601,046
- Geo Method
- $3,201,320
-
Alternative Use
- Use
- Valuation
- Residential
- $3,303,373
- Hospitality
- $3,025,872
- Educational
- $2,517,490
- Medical
- $2,604,070
- Retail
- $3,916,095
Location Insight
- City
- Aurora
- County
- Arapahoe
- State
- Colorado
- Latitude
- 39.6951
- Longitude
- -104.824
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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