7-ELEVEN STRIP CENTER | NNN LEASES | 8002 Chase Dr
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7-ELEVEN STRIP CENTER | NNN LEASES 8002 Chase Dr
6,962 SF Retail Building Arvada, CO 80003 $3,435,000 ($493.39/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 7-Eleven Anchored 3-Tenant Strip Center featuring NNN Leases and Increases throughout the Initial Term.
- Below Market Rent for LaGuardia Liquor & Enrico's Deli. All Tenants have maintained occupancy since the Building's Estab-lishment in the 1970's.
- Adjacent to a King Soopers Anchored Retail Center - The Center's Dynamic Tenant Mix Boasts an Excellent Complement of Diverse National Brands.
- 45+ Year Historical Occupancy for 7-Eleven and Recent 15 Year Lease Extension Demonstrates a Strong Commitment to the Location.
- Densely Populated and Affluent Denver Suburb: Features an Average Household Income of more than $99k & 332k+ People Residing within a 5-Mile Radius.
- Arvada is a thriving Denver Suburb known for its historic Olde Town, Vibrant Community Events, and proximity to the Rocky Mountains.
EXECUTIVE SUMMARY
7-Eleven Strip Center | NNN Leases | 7-Eleven Recently Extended Term 15 Years | 45+ Year Historical Occupancy | Signalized Hard Corner Location | Densely Populated and Affluent Area | One of the Fastest Growing Areas w/in the Denver Metro Area | Adjacent to a King Soopers Anchored Retail Center | Near U.S. Route 36
Colorado Broker of Record: Adam Lewis | 1144 15th St., Suite 2150 Denver, CO 80202 | P: (303) 328-2000 | Lic #: ER.100091205 | Firm Lic #: EC. 100048709 | Adam.Lewis@MarcusMillichap.com
Colorado Broker of Record: Adam Lewis | 1144 15th St., Suite 2150 Denver, CO 80202 | P: (303) 328-2000 | Lic #: ER.100091205 | Firm Lic #: EC. 100048709 | Adam.Lewis@MarcusMillichap.com
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,962 SF
Building Class
C
Year Built/Renovated
1976/2023
Price
$3,435,000
Price Per SF
$493.39
Cap Rate
6.25%
NOI
$214,601
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.65 AC
Zoning
MX-U - Mixed-use Urban
Parking
25 Spaces (3.59 Spaces per 1,000 SF Leased)
Frontage
81’ on W 80th Ave
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 29-254-14-013 | Improvements Assessment | $67,199 |
| Land Assessment | $144,171 | Total Assessment | $211,370 |
PROPERTY TAXES
Parcel Number
29-254-14-013
Land Assessment
$144,171
Improvements Assessment
$67,199
Total Assessment
$211,370
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7-ELEVEN STRIP CENTER | NNN LEASES | 8002 Chase Dr
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