Property summary
This exceptional Class A retail investment property, located at 7211 Sheridan Boulevard in Westminster, Colorado, presents a compelling opportunity. The 6,362 square foot property, built in 2008, sits on a 29,757 square foot lot and features a single, one-story building housing four tenants. Currently boasting 100% occupancy with a Little Caesars among its tenants, the property generates a strong net operating income (NOI) of $224,836, resulting in a 6.81% capitalization rate. The property is a fee simple ownership with a multi-tenant NNN lease structure, offering investors limited management responsibilities and annual rent bumps. Strategically positioned on a hard corner with a signalized intersection, this location benefits from high visibility and significant traffic flow, further enhanced by its proximity to a Walmart Supercenter. The synergistic location is surrounded by national tenants and is within walking distance of a planned food hall, promising continued growth and strong tenant demand. The asking price is $3,300,000, translating to a price per square foot of $518.70. The current occupancy date is September 1st, 2024. This is a stabilized investment offering a secure and profitable return.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Atm
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(Bike/Boat/Book/etc) Store Wine and Liquor Store
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(Bike/Boat/Book/etc) Store Wine and Liquor Store
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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