5240 W 78th Pl - Day Care Center FOR SALE


Westminster, CO 80003
$1,320,000 USD
720-729-0551
5240 W 78th Pl, Westminster, CO for Sale
$1,320,000 USD
Day Care Center - FOR SALE
1/6
null | 6.36% Cap Rate

5240 W 78th Pl
Westminster, CO 80003


HIGHLIGHTS

  • Stable Income: New 5-year lease with an established Montessori school tenant.
  • Growing Rental Income: 3% annual increases in years 3-5.
  • High Cap Rates: Attractive cap rates starting at 6.36% in Year 1, increasing to 7.46% by Year 5.
  • Triple Net Lease (NNN): Tenant responsible for all operating expenses, reducing landlord responsibilities.
  • Prime Location: Situated in Westminster, CO, a thriving community with a robust demand for childcare services.
  • Secure Tenant: Shapes of Tomorrow Montessori, a well-established tenant with a strong presence and reputation in the community.

OVERVIEW

DAYCARE INVESTMENT OPPORTUNITY W/ NEW 5-YEAR NNN LEASE AND 3% ANNUAL ESCALATIONS! This 4,527 SF daycare property in Westminster has just been re-leased to a well-established Montessori school. The school has a capacity for up to 70 children and features new flooring, paint, furnishings, and a fully-equipped and fenced playground on a large 0.58-acre corner lot. New 5-year lease started in June 2024. Current rent is $7,000/month, NNN structure with limited landlord responsibility. Rent in year 2 is $7,500/month with 3% annual escalations thereafter. Tenant has option to renew for an additional 5-year term at market rates. Location Overview: Westminster is a city that prioritizes history, recreation, culture, and arts. A Home Rule Municipality located in Adams and Jefferson counties, Westminster houses over 114,832 people in its total area of 33 square miles. It is the eighth-most populous city in Colorado and was ranked 24th among the best places to live in the USA by Money Magazine in 2006.

FOR SALE DETAILS

PRICE

$1,320,000 USD

PRICE/SF

$292 USD /SF

CAP RATE

6.36%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shapes of Tomorrow Montessori School

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

PUD

APN/PARCEL ID

29-361-01-056

ASK ABOUT THIS PROPERTY

Jason StartariTransworld Commercial Real EstateMore Info
720-729-0551

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Jason StartariTransworld Commercial Real EstateMore Info
720-729-0551

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