9064 Mineral Ave Centennial, CO 80112
- Day care centers
- 10,583 SF
- 1.69 lot acres
Current Use by Public Records
- Day care centers
Property Details for 9064 Mineral Ave
- Lot size
- 1.69 lot acres
- Property size
- 10,583 SF
- Property type
- Day care centers
- Property subtype
- Retail properties
Description
This exceptional investment opportunity presents a 10,583-square-foot freestanding daycare center in Centennial, Colorado, currently leased to The Nest Schools. The property boasts a 15-year absolute NNN lease with a 6.65% cap rate and a substantial net operating income (NOI) of $297,024. The lease includes attractive 2% annual rent bumps, ensuring consistent income growth. The building underwent a complete renovation in 2023, situated on a 1.69-acre lot. Located at 9064 E Mineral Ave, 80112, this property benefits from its prime location in a high-growth area of Centennial, a thriving Denver suburb with strong demographics. Average household incomes within a 5-mile radius exceed $160,215, reflecting an affluent and stable market. The property's strategic placement near major national retailers such as IKEA, Costco, In-N-Out, Nordstrom, Macy's, and Golf Galaxy ensures high visibility and significant foot traffic. This is a truly hands-off investment, ideal for passive income seekers. The lease is guaranteed by the tenant's ultra-high-net-worth founder. The asking price is $4,467,000, translating to a price per square foot of $422.09 and a rent of under $30 per square foot. This presents a rare opportunity to acquire a stable, high-performing asset in a desirable location.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Centennial
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.885
- Latitude
- 39.5736
