754 Peoria StAurora, CO 80011

Property Details for 754 Peoria St

Year built

1954

Construction

CONCRETE BLOCKS

Lot size

0.34 AC

Property size (Sq ft)

1,593 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

1973-01-3-23-001

APU

197301323001

Description

This exceptional investment opportunity presents a 1,593 square foot gas station situated on a 0.34-acre lot at 754 Peoria St, Aurora, CO 80011. Built in 1954 and renovated in 2001, this six-pump station benefits from a new 10-year lease with a favorable 4% annual rent increase. The property boasts a strong 7.00% cap rate and a net operating income (NOI) of $54,000, making it an attractive addition to any portfolio. Located within the Hoffman Heights Shopping Center, this location enjoys high visibility and traffic counts of 17,553 vehicles per day on Peoria and 6th Avenue, providing excellent access to major thoroughfares including I-225, 6th Avenue, and E Colfax Avenue. The property is zoned MU-C and offers bonus depreciation advantages for the new owner. The asking price is $775,000, representing a price per square foot of $486.50. This NNN lease structure minimizes landlord responsibilities, offering a passive income stream with significant upside potential. The property's prime location and strong lease terms make it an ideal investment for those seeking a stable, high-return asset in a thriving Colorado market.

• CAP approach

  CAP return

  Valuation

  6%

  $439,529

  6.5%

  $405,719

  7%

  $376,739

• Comparable approach

  Method

  Valuation

  Relative Method

  $787,491

  Geo Method

  $331,666

• Alternative Use

  Use

  Valuation

  Residential

  $342,239

  Hospitality

  $313,489

  Educational

  $260,820

  Medical

  $269,790

  Retail

  $405,719

Location Insight

City

Aurora

County

Arapahoe

State

Colorado

Latitude

39.7279

Longitude

-104.847

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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