NNN Auto Body Repair
16255 E FOURTH AVE Aurora, CO
16255 E FOURTH AVE, Aurora, CO, 00000
Contact for pricing
For Sale
Contact for pricing
Pending
Leased Carstar Alpine Auto Body collision repair space with remaining term and 2.5% annual rental increases.
Property Size13,392 SF
Days on Market55
Property Features for 16255 E FOURTH AVE
General Information
- Standard status
- Pending
- Size
- 13,392 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1985
Listing agency
Equity Commercial Real Estate Group
Listed by
Bill Colangelo · License #CO EI.001312435
Source
Crexi
Added: May 29 Updated: Jul 10 at 1:53PM Checked: Jul 21 at 8:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Equity Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This NNN property is an established automotive collision repair facility currently leased to Puget Collision, doing business as Carstar Alpine Auto Body. The offering includes a total of 13,392 square feet configured to support collision repair operations. The lease provides approximately 9.5 years remaining on the current term, with 2.5% annual rental increases.
The property is situated within the Aurora/Denver metro area, with convenient access to major transportation corridors and a dense surrounding population. The automotive collision repair industry is described as having consistent consumer demand and high barriers to entry, which supports the tenant’s long-term operating presence.
For investors and buyers seeking a stable, long-term NNN structure, the key factors here are the operationally oriented auto body use, the existing tenant relationship, and the contractual rental growth built into the current lease. Tenants and operators benefit from a purpose-fit collision repair setting under an in-place lease, with the site designed to continue supporting the tenant’s established business.
The property is situated within the Aurora/Denver metro area, with convenient access to major transportation corridors and a dense surrounding population. The automotive collision repair industry is described as having consistent consumer demand and high barriers to entry, which supports the tenant’s long-term operating presence.
For investors and buyers seeking a stable, long-term NNN structure, the key factors here are the operationally oriented auto body use, the existing tenant relationship, and the contractual rental growth built into the current lease. Tenants and operators benefit from a purpose-fit collision repair setting under an in-place lease, with the site designed to continue supporting the tenant’s established business.
Key Highlights
- 13,392 SF leased automotive collision repair facility operating as Carstar Alpine Auto Body (Puget Collision)
- 1985 construction with an existing long‑term NNN lease in place
- Approximately 9.5 years remaining on the current lease term
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $265.2k | $19.80 |
| − Vacancy | −$22.5k | −$1.68 |
| EGI | $242.6k | $18.12 |
| − OpEx | −$72.8k | −$5.44 |
| NOI | $169.8k | $12.68 |
13,392 SF · lease $19.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.43M
$2.12M – $2.83M
NOI $169,836 @ 7.0% cap · market cap 7.15%
Second Best
Industrial
$2.32M
$2.03M – $2.71M
NOI $162,476 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$3.74M
$3.27M – $4.37M
NOI $261,948 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
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FAQs
What type of property is this?
Auto shop - Leased Carstar Alpine Auto Body collision repair space with remaining term and 2.5% annual rental increases.
Where is this auto shop located?
The property is located at 16255 E FOURTH AVE Aurora, CO.
What is the asking price?
The asking price for this property is $2,376,000.
What are key features of this property?
This property features: 13,392 SF leased automotive collision repair facility operating as Carstar Alpine Auto Body (Puget Collision); 1985 construction with an existing long‑term NNN lease in place; Approximately 9.5 years remaining on the current lease term
