Current Use by Public Records
- Retail properties & Spaces
Property Details for 17151 Golden Rd
- Year built
- 2009
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This 6,000 sq ft, single-story building in Golden, CO, houses an Advance Auto Parts store. Built in 2009, it's situated in a high-traffic area with over 16,000 vehicles daily. The property boasts a 15-year lease (expiring 12/31/2031), with 7.4 years remaining, featuring a corporate guarantee from Advance Auto Parts (investment-grade credit). The current rent is 20% below market value, offering significant upside potential. The property benefits from a strong location near major retailers like King Soopers, McDonald's, Walgreens, Starbucks, and Bank of America, within a 5-mile radius boasting a population exceeding 114,000 and an average household income of $141,959. The asking price is $1,555,556, with a 6.75% cap rate and a net operating income (NOI) of $105,000. The lease includes 5% rent bumps in options. This fee-simple ownership opportunity presents a compelling investment in a thriving retail market, just 5 miles north of Red Rocks Amphitheatre and 10 miles west of downtown Denver. The property enjoys 100% occupancy since its opening on October 27, 2009.
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Location Insight
- Map
- Local Demand
- City
- Golden
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.193
- Latitude
- 39.7378
