5240 78th Pl Arvada, CO 80003-2609

Exceptional investment opportunity featuring a 4,527 square foot, single-story daycare facility in Westminster, Colorado. This property, built in 1981 and renovated in 2020, sits on a 0.58-acre lot and is currently 100% occupied by Shapes of Tomorrow Montessori under a new 5-year lease commencing June 1, 2024, and expiring May 31, 2029. The lease includes a tenant option for a further 5-year renewal. The property boasts a Net Operating Income (NOI) of $84,000 in year one, projected to increase to $98,345 by year five, resulting in a pro-forma cap rate of 7.45%. The lease is structured as a Triple Net (NNN) lease, meaning the tenant is responsible for all operating expenses. Annual rent escalations of 3% are built into the lease for years three through five, starting at $7,000 per month in year one. The property is zoned PUD and features a fully equipped and fenced playground. This investment offers a stable income stream with significant growth potential in a desirable location within a thriving community. The asking price is $1,320,000, representing a price per square foot of $291.58. This is a turnkey investment with minimal landlord responsibilities.