15601 6 Ave Aurora, CO 80011
- Auto shops
- 21,001 SF
- 2.18 lot acres
Current Use by Public Records
- Auto shops
Property Details for 15601 6 Ave
- Year built
- 1986
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.18 lot acres
- Property size
- 21,001 SF
- Property type
- Auto shops
- APN
- 1975-05-3-46-003
- APU
- 197505346003
Description
This exceptional investment opportunity presents a fully occupied, two-tenant net-lease retail property located at 15601 E 6th Avenue in Aurora, Colorado. The property encompasses 21,001 square feet on a 2.18-acre lot, offering ample parking (50 spaces) for tenants and customers. Currently housing Front Range Diesel and Next Stop Automotive, this Class C building boasts 100% occupancy and a strong net operating income (NOI) of $250,527, with a pro-forma NOI of $260,301. The asking price is $4,200,000, representing a 5.96% cap rate and a pro-forma cap rate of 6.20%. Built in 1986, the single-story building benefits from recent capital improvements, including roof upgrades (2021 with a 10-year transferable warranty), RTUs (2020), and flatwork (2020). Leases feature 3% annual rent bumps, providing consistent income growth. The property is zoned B-1 and enjoys a prime location at a signalized intersection with high traffic counts on E 6th Avenue and convenient access to major highways (I-225, I-25, and I-70). The area boasts a population exceeding 370,000 within a 5-mile radius. This is a rare opportunity to acquire a stable, high-performing investment with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.806
- Latitude
- 39.7261
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
