9601 57Th PlArvada, CO 80002

For Sale
$750,000

High-Yield Retail Property in Arvada, CO

Overview

Added:
Dec 11, 2024
Days on market:
91
This Arvada, Colorado retail center offers nearly 5,000 square feet of space, ideally situated just off Ralston Road in a rapidly growing area. The property boasts a prime location across from a Walmart shopping center, ensuring high traffic volume and strong tenant support. With 695 new single-family, multi-family, and townhome units under construction within a half-mile radius at Arvada Villa, future growth potential is significant. Currently operating under gross leases, this multi-tenant center presents a compelling opportunity to transition to a triple-net (NNN) lease structure upon renewal, maximizing rental income. The property is priced well below replacement cost at $162 per square foot, representing a strong value proposition. Established long-term tenants provide stable income, while individual meters for gas, electric, and sewer offer efficient utility management. This low-cost retail center is an excellent investment opportunity in a thriving Colorado market. The asking price is $750,000.

Highlights

  • Low-cost multi-tenant retail center totaling nearly 5,000 square feet.
  • Priced well below replacement cost at $162 per square foot, totaling $750,000.
  • Excellent demographics; situated near new development (695+ units) and across from a Walmart shopping center.
  • Long-term, established tenants with stable income and potential for increased returns upon lease renewals to a triple-net (NNN) structure.
  • Individual utility meters for gas, electric, and sewer.

Location Insight

City
Arvada
County
Jefferson
State
Colorado
Latitude
39.800958562506
Longitude
-105.10522933021
9601 57Th Pl, Arvada, Colorado

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9601 57Th Pl
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