3125 Sheridan Blvd Denver, CO 80227-5506

Property Details for 3125 Sheridan Blvd

Year built

2014

Construction

STEEL FRAME

Lot size

5.24 lot acres

Property size

41,183 SF

Zone code

S-CC-3X

Property type

Grocery and convenience stores

APN

04365-00-042-000

APU

436500042000

Description

This exceptional investment opportunity presents a 42,000-square-foot arc Thrift Store in Denver, CO, at 3125 S Sheridan Blvd, 80227. The property, built in 2014 and renovated in 2022, sits on a 5.24-acre lot and boasts a strong 6.75% cap rate with a Net Operating Income (NOI) of $556,920. The single-tenant, Net Lease (NNN) structure features a 100% occupancy rate with a remaining lease term of approximately 6.9 years, expiring October 31, 2031, and includes two five-year renewal options at fair market rent. Annual rent bumps of 3% ensure consistent income growth. The property benefits from exceptional visibility, with over 64,000 vehicles passing daily, and is strategically located near major retailers such as King Soopers and Home Depot, drawing from a substantial trade area of nearly 332,000 people with an average household income of $100,000. The asking price is $8,250,667, translating to $194.13 per square foot. This prime location, coupled with the strong tenant and favorable lease terms, makes this a compelling investment opportunity. The property's proximity to Highway 285 and its location within a dense residential area, alongside other national retailers, further enhances its value and potential for long-term returns. The arc Thrift Store, one of Colorado's fastest-growing thrift stores with 50 locations statewide, enjoys high foot traffic, exceeding 177,000 visits annually.