12240 Lioness Way Parker, CO 80134-5603

Exceptional investment opportunity: a single-tenant, 8,739 square foot retail building in Parker, Colorado, fully occupied by SafeSplash Swim School under a long-term NNN lease expiring December 31, 2035. This represents 11.1 years remaining on the lease, with a 1% annual rent increase. The property boasts a 5.41% cap rate and a strong net operating income (NOI) of $208,285. Built in 2006 and extensively renovated in 2022 ($1.2 million in improvements), the property features 31 parking spaces and sits on a 1.04-acre lot zoned PUD. The location is prime, situated on high-traffic Lincoln Avenue, providing easy access to major highways (I-25 and E-470) and light rail. The surrounding area exhibits robust demographics, with a three-mile radius average household income exceeding $156,000, a population of over 53,000, and 44,337 employees. The current rent of $23.57 per square foot is below market value, according to Costar, which reports an average of $27.93 per square foot in the submarket. SafeSplash, a well-established and nationally recognized swim school brand, benefits from an e-commerce resistant business model, making this a stable and attractive investment. The property's proximity to the RidgeGate mixed-use development further enhances its long-term value and potential. The asking price is $3,850,000.