7211 Sheridan BlvdWestminster, CO 80003

For Sale
$3,300,000

Westminster, CO Retail Center - 6.81% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional Class A retail investment property, located at 7211 Sheridan Boulevard in Westminster, Colorado, presents a compelling opportunity. The 6,362 square foot property, built in 2008, sits on a 29,757 square foot lot and features a single, one-story building housing four tenants. Currently boasting 100% occupancy with a Little Caesars among its tenants, the property generates a strong net operating income (NOI) of $224,836, resulting in a 6.81% capitalization rate. The property is a fee simple ownership with a multi-tenant NNN lease structure, offering investors limited management responsibilities and annual rent bumps. Strategically positioned on a hard corner with a signalized intersection, this location benefits from high visibility and significant traffic flow, further enhanced by its proximity to a Walmart Supercenter. The synergistic location is surrounded by national tenants and is within walking distance of a planned food hall, promising continued growth and strong tenant demand. The asking price is $3,300,000, translating to a price per square foot of $518.70. The current occupancy date is September 1st, 2024. This is a stabilized investment offering a secure and profitable return.

Highlights

  • Hard corner location with signalized intersection.
  • High traffic location across from a Walmart Supercenter.
  • NNN leases minimize management responsibilities for investors.
  • Strong synergistic location surrounded by national retailers.
  • Proximity to a planned food hall.

Property Details for 7211 Sheridan Blvd

Property type
Lifestyle centers, Power centers
Square Feet
6,362 SF
Class
A
Year Built
2008
Buildings
1
Stories
1
Units
4

Location Insight

City
Westminster
County
Jefferson
State
Colorado
Latitude
39.82837242105
Longitude
-105.05420821296
7211 Sheridan Blvd, Westminster, Colorado

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7211 Sheridan Blvd
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