The Nest Schools | 9064 E Mineral Ave
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The Nest Schools 9064 E Mineral Ave
10,583 SF Retail Building Centennial, CO 80112 $4,467,000 ($422/SF) 6.65% Cap Rate
Investment Highlights
- Brand-new 15-year lease featuring 2% annual rental increases
- Lease is guaranteed by tenant’s ultra high net worth founder (ask Broker for more details)
- Centennial is a thriving Denver suburb featuring 7.6% population growth since 2020
- Absolute NNN structure making this a truly “hands-off” investment
- Rent below $30/ft. and price per foot below $500/ft.
- Affluent residential demographics – average household incomes of $160,215 within a 5-mile radius of the subject property
Executive Summary
A 15-year absolute NNN Nest School featuring 2% annual rental increases and backed by an ultra high net worth guarantor. The subject property was newly renovated and is ideally located in Centennial, CO, a high-end suburb of Denver. Major national retailers located within a 2-mile radius of the subject property include IKEA, Costco, In-N-Out, Nordstrom, Macy’s, and Golf Galaxy.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,583 SF
Building Class
B
Year Built
2000
Price
$4,467,000
Price Per SF
$422
Cap Rate
6.65%
NOI
$297,024
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Land Acres
1.69 AC
Zoning
AB1
Parking
125 Spaces (11.81 Spaces per 1,000 SF Leased)
Frontage
319 FT on E Mineral Ave
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 2075-34-2-28-001 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $984,312 |
PROPERTY TAXES
Parcel Number
2075-34-2-28-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$984,312
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The Nest Schools | 9064 E Mineral Ave
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