5347 Sherman St Denver, CO 80216

This exceptional 17,980-square-foot warehouse, situated on a 1.75-acre lot in Denver's Adams County, presents a compelling investment opportunity. Currently leased long-term to Lion Electric Co. (NYSE: LEV), the property boasts a strong 5% cap rate with annual increases, ensuring a steady return on investment. Built in 1986 and extensively renovated in 2021, the warehouse features six 12'x14' drive-in doors (expandable), a 5-ton bridge crane, and a substantial 17'-20' clear height warehouse area. The property also includes 1,400 square feet of office space, recently updated with new restrooms, HVAC, and other improvements. Exterior enhancements include high-bay and exterior LED lighting, fresh paint, and upgraded warehouse heaters. The property benefits from its location within the Adams County Enterprise Zone and enjoys excellent access to major transportation arteries, including I-70 & Washington Street, and I-25 & 58th Ave. The property is zoned I-1 and offers a fenced yard for added security and functionality. This is a rare opportunity to acquire a well-maintained, high-performing industrial asset with significant upside potential. The Net Operating Income (NOI) is $259,271, and the asking price is $5,185,432. The lease is a NNN (Triple Net) lease, meaning the tenant is responsible for most operating expenses.