15601 E 6th Ave - Auto Repair FOR SALE


Aurora, CO 80011
$4,200,000 USD
303-407-9781
15601 E 6th Ave, Aurora, CO for Sale
$4,200,000 USD
Auto Repair - FOR SALE
1/18
null | 6.2% Cap Rate

15601 E 6th Ave
Aurora, CO 80011


HIGHLIGHTS

  • Attractive two tenant NNN asset
  • Large lot (2.18 ac)
  • Recent capital expenditures to roof (2021), RTUs (2020), flatwork & striping (2020)
  • Tenured tenants
  • Large traffic count on E 6th Avenue, averaging 29,666 vehicles per day
  • 100% Occupied with generous annual rent escalations

OVERVIEW

15601 E 6th Avenue is a fully occupied, two-tenant NNN investment located in a rapidly growing area of Colorado. This 21,001-square-foot property is listed for $4,200,000, offering a 6.20% in-place capitalization rate. The automotive-focused asset features strong tenants and favorable leases with minimal landlord responsibilities (limited to roof and structure). One of the tenants, Chase Automotive, is a well-established, locally owned auto repair shop that has operated at this location for over 15 years. The other tenant, Point S Tire & Auto Service, is a nationally recognized franchise managed by local operators with multiple locations across Colorado. Situated on a 2.18-acre lot, the property offers ample parking for tenants and customers. It is ideally located at a signalized intersection with high traffic flow from two of Aurora's major thoroughfares: 6th Avenue and Chambers Boulevard. Additionally, it provides convenient access to I-225, I-25, and I-70. In the past five years, several capital improvements have been completed, including upgrades to the roof, RTUs, and flatwork. Notably, the roof comes with a 10-year transferable warranty, effective from 2021.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multitenant NNN Flex Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2.18 AC

LAND SF

95,174 SF

ZONING

B-1

APN/PARCEL ID

1975-05-3-46-003

ASK ABOUT THIS PROPERTY

Dallas SandbergPinnacle Real Estate AdvisorsMore Info
303-407-9781

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Dallas SandbergPinnacle Real Estate AdvisorsMore Info
303-407-9781

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