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Multitenant NNN Flex Investment 15601 E 6th Ave 21,001 SF 100% Leased Retail Building Aurora, CO 80011 $4,200,000 ($199.99/SF) 6.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Attractive two tenant NNN asset
- Recent capital expenditures to roof (2021), RTUs (2020), flatwork & striping (2020)
- Large traffic count on E 6th Avenue, averaging 29,666 vehicles per day
- Large lot (2.18 ac)
- Tenured tenants
- 100% Occupied with generous annual rent escalations
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
21,001 SF
Building Class
C
Year Built/Renovated
1986/2020
Price
$4,200,000
Price Per SF
$199.99
Cap Rate
6.20%
NOI
$260,301
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
2.18 AC
Zoning
B-1
Parking
50 Spaces (2.38 Spaces per 1,000 SF Leased)
Frontage
338’ on E. 6th Ave.
AMENITIES
- Pylon Sign
- Monument Signage
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1975-05-3-46-003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $671,553 |
PROPERTY TAXES
Parcel Number
1975-05-3-46-003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$671,553
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Multitenant NNN Flex Investment | 15601 E 6th Ave
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