Single-Tenant NNN
For Sale
Contact for pricing
6590 S Yosemite Ct, Greenwood Village, CO 80111
Corporate-guaranteed lease with absolute NNN structure and approximately 10 years of remaining term.
Property Size15,066 SF
Price / SF$365.06
Days on Market11
Property Features for 6590 S Yosemite Ct
General Information
Standard status
Active
Size
15,066 SF
Property subtype
RETAIL
Additional Details
Cap Rate
6.39%
Building Details
Tenancy
Single
Listing Agency:
Kaufman Hagan Commercial Real Estate
(720) 335-1469
Listed By:
Ryan Floyd · License #FA100071442
(720) 335-1469
Source:
Moodyscre
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 29 at 11:42AM
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 Kaufman Hagan Commercial Real Estate
Investment Insights
Based on property information with market context.
This 15,066-square-foot single-tenant property is structured as an absolute NNN investment, with a corporate-guaranteed lease and approximately 10 years remaining on the current term. The arrangement places responsibility for property expenses with the tenant under the stated lease structure, reducing landlord obligations during the existing term.
Located at 6590 S Yosemite Ct in Greenwood Village, Colorado, the asset is within the Denver Tech Center submarket. The lease provides two five-year renewal options, extending the contractual framework beyond the initial term if exercised. The offering is identified at a 6.39% capitalization rate.
Located at 6590 S Yosemite Ct in Greenwood Village, Colorado, the asset is within the Denver Tech Center submarket. The lease provides two five-year renewal options, extending the contractual framework beyond the initial term if exercised. The offering is identified at a 6.39% capitalization rate.
Key Highlights
- 15,066‑square‑foot single‑tenant property
- Absolute NNN lease structure
- Corporate‑guaranteed lease
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$272,219
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,444,380
$5.4M
Cap Rate 7%
$3,888,843
$3.9M
Cap Rate 9%
$3,024,656
$3.0M
Market Conditions
NOI Build-Up for 15,066 SF
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.
Gross rent
$406.8K $27.00/SF
− Vacancy
−$17.9K −$1.19/SF
EGI
$388.9K $25.81/SF
− OpEx
−$116.7K −$7.74/SF
NOI
$272.2K $18.07/SF
Area
Arapahoe County, CO
Vacancy
4.40%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,444,380
Cap Rate 7%
$3,888,843
Cap Rate 9%
$3,024,656
Alternative Uses
Best Use
Retail
$3.89M
$3.40M – $4.54M
NOI $272,219 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$223.68M
$195.72M – $260.96M
NOI $15,657,737 @ 7.0% cap · market cap 284.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,281
Businesses Nearby
422k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Home Improvements & Furnishings 14%
Shops & Services 10%
Apparel 9%
The Home Depot
Home Improvements & Furnishings
40,337 visits/mo
0.4 miles
Chick-fil-A
Dining
38,572 visits/mo
0.4 miles
McDonald's
Dining
27,972 visits/mo
0.1 miles
REI
Apparel
26,722 visits/mo
0.2 miles
Torchy's Tacos
Dining
23,350 visits/mo
0.2 miles
Demographics for 80111, CO
32,672
Population
13,668
Households
2.4
Avg Household Size
40
Median Age
75%
College-Educated
98%
High-School Grad
10.9 sq mi
ZIP Area
2,997
Density / Sq Mi
$132,292
Median Household Income
$71,898
Median Earnings
$2,063
Median Rent
$890,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-guaranteed lease with absolute NNN structure and approximately 10 years of remaining term.
Where is this nnn property located?
The property is located at 6590 S Yosemite Ct Greenwood Village, CO.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 15,066‑square‑foot single‑tenant property; Absolute NNN lease structure; Corporate‑guaranteed lease
