Current Use by Public Records
- Take 5 Car Wash / Car Wash
Property Details for 6315 Sheridan Blvd
- Year built
- 2007
- Lot size
- 1.10 lot acres
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
Exceptional investment opportunity: a fee-simple 6,357 square-foot car wash in Arvada, Colorado. This property boasts a strong 6.50% cap rate, generating a substantial NOI of $312,120. The absolute NNN lease, featuring a corporate guarantee, ensures minimal landlord responsibilities. The 20-year lease, commencing January 1, 2023, and expiring December 28, 2042, provides exceptional long-term stability with approximately 18.1 years remaining. Built in 2007, this well-maintained facility sits on a 1.1-acre lot in a high-traffic area, zoned MX-U Mixed-Use Urban, and includes 16 parking spaces. The lease includes four 5-year renewal options, with 2% annual rent increases starting January 2029, providing consistent growth potential. The property's APN is 39-121-22-011. This depreciable asset presents a compelling investment opportunity with significant long-term returns. The strong national tenant and favorable demographics within a 5-mile radius further enhance its appeal. This is a truly exceptional opportunity for passive income generation.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arvada
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.054
- Latitude
- 39.8107
