3125 Sheridan BlvdDenver, CO 80227

For Sale
$8,250,667

High-Yield Arc Thrift Store NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a 42,000-square-foot arc Thrift Store in Denver, CO, at 3125 S Sheridan Blvd, 80227. The property, built in 2014 and renovated in 2022, sits on a 5.24-acre lot and boasts a strong 6.75% cap rate with a Net Operating Income (NOI) of $556,920. The single-tenant, Net Lease (NNN) structure features a 100% occupancy rate with a remaining lease term of approximately 6.9 years, expiring October 31, 2031, and includes two five-year renewal options at fair market rent. Annual rent bumps of 3% ensure consistent income growth. The property benefits from exceptional visibility, with over 64,000 vehicles passing daily, and is strategically located near major retailers such as King Soopers and Home Depot, drawing from a substantial trade area of nearly 332,000 people with an average household income of $100,000. The asking price is $8,250,667, translating to $194.13 per square foot. This prime location, coupled with the strong tenant and favorable lease terms, makes this a compelling investment opportunity. The property's proximity to Highway 285 and its location within a dense residential area, alongside other national retailers, further enhances its value and potential for long-term returns. The arc Thrift Store, one of Colorado's fastest-growing thrift stores with 50 locations statewide, enjoys high foot traffic, exceeding 177,000 visits annually.

Highlights

  • 42,000 SF Arc Thrift Store on a 5.24-acre lot in Denver, CO.
  • NNN lease with 6.9 years remaining, plus two 5-year options at market rent; 3% annual rent increases.
  • Strong tenant: Arc Thrift, a rapidly growing Colorado chain with over 177,000 annual visits to this location.
  • Excellent visibility and access: Over 64,000 vehicles per day on S Sheridan Blvd, near Hwy 285, and adjacent to major retailers (King Soopers, Home Depot).
  • Desirable demographics: High-income area (avg. $100,000 household income) with over 300,000 people within a 5-mile radius.

Property Details for 3125 Sheridan Blvd

Property type
Other retail properties, Individual retail properties
Square Feet
42,500 SF
Year Built/Renovated
2014/2022
Buildings
1
Stories
1
Lot Size (sq. ft)
228,254 SF
Units
1

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.656016139601
Longitude
-105.0547625911
3125 Sheridan Blvd, Denver, Colorado

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3125 Sheridan Blvd
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