8002 Chase DrArvada, CO 80003

For Sale
$3,435,000

NNN Leases, Strong Tenant, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional Class A, 6,962 square foot retail investment opportunity is anchored by a 7-Eleven, boasting a 15.1-year remaining lease term (expiring 12/31/2039) with corporate guarantees and rent bumps. The property, situated on a 0.65-acre lot at 8002 Chase Dr, Arvada, CO 80003, features a strong tenant mix including 76 Gas, Arco Gas Station, BP Gas Station, and Mobil Gas Station. Built in 1976 and renovated in 2023, this multi-tenant strip center generates a substantial Net Operating Income (NOI) of $214,601, resulting in a compelling 6.25% cap rate. The asking price is $3,435,000. Located in a densely populated and affluent Denver suburb with an average household income exceeding $99,000 and over 332,000 residents within a 5-mile radius, the property benefits from high visibility due to its signalized hard corner location and proximity to major traffic arteries and numerous national retailers including Target, Safeway, Walmart, and more. 7-Eleven, a Fortune 500 company with an "A" S&P credit rating, has occupied the space for over 45 years, demonstrating exceptional tenant stability. This investment presents a rare opportunity to acquire a well-positioned, high-performing retail asset with significant long-term growth potential.

Highlights

  • 7-Eleven anchored, three-tenant strip center with NNN leases and built-in rent increases. 7-Eleven boasts a 45+ year occupancy history and a recent 15-year lease extension.
  • Below-market rents for LaGuardia Liquor & Enrico's Deli. High-traffic, signalized corner location with excellent visibility.
  • Located in a densely populated, affluent Denver suburb with over $99k average household income and 332k+ residents within a 5-mile radius.
  • Situated in Arvada, a thriving Denver suburb with excellent schools and strong economic growth.
  • Close proximity to numerous national retailers including Target, Safeway, Walmart, and more.
  • Adjacent to a King Soopers-anchored retail center with a diverse tenant mix.

Property Details for 8002 Chase Dr

Property type
Lifestyle centers, Power centers
Square Feet
6,962 SF
Class
A
Year Built/Renovated
1976/2023
Lot Size (sq. ft)
28,314 SF

Location Insight

City
Arvada
County
Jefferson
State
Colorado
Latitude
39.8421476
Longitude
-105.0570657
8002 Chase Dr, Arvada, Colorado

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8002 Chase Dr
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