11652 W 64th Ave
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11652 W 64th Ave
3,527 SF Retail Building Arvada, CO 80004 $2,325,000 ($659/SF) 6.50% Cap Rate
Executive Summary
Brand New 10 Year Lease – Tenant will sign new 10 year NNN lease with 2% annual increases. Two (2) Five 5 year extension options
Franchisee’s Corporate Guarantee – Edit Real Estate, LLC will guarantee the lease. Operating 48 locations throughout Texas,
Colorado, and the Midwest.
Fundamentally Excellent Real Estate – This freestanding drive thru building is well positioned just down the street from King Soopers (Kroger) in densely populated Arvada, CO (Denver MSA) with over 228,000 people within a 5 mile radius. Strong income demos and net
positive migration to the area make this asset recession resistant.
About Tide Cleaners – A Proctor and Gamble company, Tide Cleaners is America’s number 1 Dry Cleaner. Unlike traditional dry cleaners, Tide Cleaners never uses harsh chemicals like perc. Instead, Tide Cleaners uses GreenEarth Cleaning solvent, which is a silicone-based solvent, which is better for the environment and lender friendly.
Franchisee’s Corporate Guarantee – Edit Real Estate, LLC will guarantee the lease. Operating 48 locations throughout Texas,
Colorado, and the Midwest.
Fundamentally Excellent Real Estate – This freestanding drive thru building is well positioned just down the street from King Soopers (Kroger) in densely populated Arvada, CO (Denver MSA) with over 228,000 people within a 5 mile radius. Strong income demos and net
positive migration to the area make this asset recession resistant.
About Tide Cleaners – A Proctor and Gamble company, Tide Cleaners is America’s number 1 Dry Cleaner. Unlike traditional dry cleaners, Tide Cleaners never uses harsh chemicals like perc. Instead, Tide Cleaners uses GreenEarth Cleaning solvent, which is a silicone-based solvent, which is better for the environment and lender friendly.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,527 SF
Building Class
B
Year Built
2002
Price
$2,325,000
Price Per SF
$659
Cap Rate
6.50%
NOI
$151,125
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.43 AC
Parking
28 Spaces (7.94 Spaces per 1,000 SF Leased)
Frontage
143 FT on W 64th
Walk Score ®
Very Walkable (75)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 39-081-01-051 | Improvements Assessment | $109,926 |
| Land Assessment | $217,871 | Total Assessment | $327,797 |
PROPERTY TAXES
Parcel Number
39-081-01-051
Land Assessment
$217,871
Improvements Assessment
$109,926
Total Assessment
$327,797
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11652 W 64th Ave
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