13801 E Mississippi Ave - Freestanding FOR SALE


Aurora, CO 80012- City Center
$8,000,000 USD
602-474-9589
13801 E Mississippi Ave, Aurora, CO for Sale
$8,000,000 USD
Freestanding - FOR SALE
1/8
null | 7.54% Cap Rate

13801 E Mississippi Ave
Aurora, CO 80012
City Center


HIGHLIGHTS

  • Cash flowing land bank redevelopment opportunity
  • Adjacent to I-225 with extremely high traffic counts
  • Absolute NNN lease in place - $603,000/year NNN rent
  • No landlord responsibilites

OVERVIEW

Lee & Associates Arizona (“Broker”) is pleased to present the opportunity to purchase a Best Buy in Aurora, Colorado. The property consists of a ±45,000 square foot retail property (the “Property”). The offering is 100% leased to Best Buy under a NNN basis with no landlord responsibilities. The lease was originally executed in October of 1994 and a current expiration date of October 21, 2029. The tenant has no renewal options remaining in their lease allowing a developer or entrepreneurial investor countless opportunities while enjoying a cash flow of $603,000/year via the existing lease agreement with Best Buy. With over 500 feet of frontage along a major east/west arterial that bisects Aurora and Denver to the west, Mississippi Avenue has in excess of 55,000 vehicles per day passing in front of the property. The site is immediately adjacent to Interstate 225 with over 150,000 vehicles per day, as well as the RTD light rail system that runs directly to the west of the property. The 3.93 acre site sits at the entrance to a high concentration of retail vendors in Aurora including Home Depot, Sam’s Club, Walmart, UPS, T-Mobile, Verizon, Chick-fil-A, Dillards, TGI Fridays, US Bank, Hobby Lobby and more. Several retailers have entered the submarket over the past several years including In-N-Out Burgers, who opened their first Colorado location in 2020 approximately 1.2 miles north of the subject property and a Starbucks, adjacent to the property, which opened in 2016.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$175 USD /SF

CAP RATE

7.54%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Interstate 225 Cash Flow Redevelopment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

250

LAND DETAILS

LAND ACRES

3.93 AC

LAND SF

171,191 SF

ZONING

CCZD

APN/PARCEL ID

1975-18-3-16-003

ASK ABOUT THIS PROPERTY

Marcus MuirheadLee & AssociatesMore Info
602-474-9589

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Marcus MuirheadLee & AssociatesMore Info
602-474-9589

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.