5285 Wadsworth Bypass St Arvada, CO 80002

Property Details for 5285 Wadsworth Bypass St

Year built

1999

Lot size

4.35 lot acres

Property size

26,280 SF

Property type

Retail properties

Description

This exceptional investment opportunity presents a fee-simple, absolute NNN leased property occupied by a PetSmart store. Located at 5285 Wadsworth Bypass in Arvada, Colorado (80002), this 26,280 square foot Class A retail building sits on a 4.35-acre lot and boasts a strong location on a major thoroughfare with over 70,000 vehicles per day. The property benefits from a corporate guarantee from PetSmart, LLC, a company with over 1,670 locations and significant revenue. The lease commenced January 31, 1999, and has a remaining term of 8.2 years, with four 5-year renewal options, each including a $0.75 per square foot rent bump. The current asking price is $5,514,416, representing a price per square foot of $209.83 and a 6.00% cap rate. The property's Net Operating Income (NOI) is $330,865, reflecting a 100% occupancy rate. Built in 1999, this single-tenant property enjoys a prime location near other national retailers such as Lowe's, Home Depot, OfficeMax, Costco, and Sam's Club. The densely populated area within a five-mile radius has over 340,000 residents and an average household income exceeding $121,000. According to Placer AI, this PetSmart location ranks in the top 70% of all PetSmart stores in the chain and is adjacent to Colorado's busiest Home Depot. This offering is ideal for 1031 exchange investors seeking a secure, long-term investment with minimal landlord responsibilities.

Location Insight

City

Arvada

County

Jefferson

State

Colorado

Longitude

-105.083

Latitude

39.794