9601-9609 W 57th Pl

Investment Highlights

Low-cost multi-tenant retail center Strong demographics near new development Stable income with upside at renewals Well below replacement cost at $162 per foot Long-term established tenants Metered separately for gas, electric, and sewer

Executive Summary

Unique Properties Inc. is pleased to present this opportunity to acquire a stabilized, well priced retail center in Arvada, Colorado. This property offers almost 5,000 feet of retail space located just off Ralston Road in a rapidly expanding part of the city. Across the street from a Walmart shopping center, there?s a constant flow of traffic strengthening the tenants. Within a half-mile of Arvada Villa, there are currently 695 new single and multi-family units as well as townhomes under construction which will only increase visits to this property. With current gross leases in place, there?s lots of potential upside as they expire to switch to a NNN lease structure and increase rents to market.

• Sale Type    Investment
• Sale Condition    High Vacancy Property
• Property Type    Retail
• Property Subtype    Storefront Storefront General Retail Restaurant Storefront
• Building Size    4,640
• Building Class    C
• Year Built    1960
• Price    750,000
• Price Per SF    162
• Cap Rate    6.16
• NOI    46,200
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.26
• Land Acres    0.41 AC