13801 Mississippi Ave Aurora, CO 80012-3691

Property Details for 13801 Mississippi Ave

Year built

1994

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.93 lot acres

Property size

45,800 SF

Property type

Outlet malls

APN

1975-18-3-16-003

APU

197518316003

Description

This exceptional investment opportunity presents a fee-simple, single-tenant retail property in Aurora, Colorado, fully occupied by a credit-rated Best Buy under a triple-net (NNN) lease. The 45,000-square-foot building, constructed in 1994, sits on a 3.93-acre lot with 225 parking spaces and boasts a prominent location along Mississippi Avenue, a major east-west arterial with over 55,000 vehicles daily. Its strategic adjacency to Interstate 225 (over 150,000 vehicles daily) and the RTD light rail system further enhances its visibility and accessibility. The property benefits from a strong tenant with a corporate guarantee and a lease expiring October 21, 2029, offering a remaining lease term of approximately 4.9 years. The current net operating income (NOI) is $603,000, resulting in a 7.09% capitalization rate. The asking price is $8,500,000, translating to $188.89 per square foot. This location is surrounded by a high concentration of established retailers, including Home Depot, Sam's Club, Walmart, and many others, indicating a robust and thriving retail environment. The property's size and location also present potential for future redevelopment. The Arapahoe County property (APN 1975-18-3-16-003) is offered as a 1031 exchange opportunity. This is a stabilized investment with 100% occupancy since its opening date of October 21, 1994.

Location Insight

City

Aurora

County

Arapahoe

State

Colorado

Longitude

-104.828

Latitude

39.6975

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments