7211 Sheridan Blvd Westminster, CO 80003
- Retail space
- 6,540 SF
- 0.68 lot acres
Current Use by Public Records
- Machi Ramen&Poke / Ramen Restaurant
- ATM Machine at Nepal Liquors / Atm
- Liquors / Liquor Store
- Nepal Liquors / Liquor Store
- Little Caesars Pizza / Pizza Restaurant / Fast Food Restaurant
Property Details for 7211 Sheridan Blvd
- Year built
- 2008
- Lot size
- 0.68 lot acres
- Property size
- 6,540 SF
- Property type
- Retail space
- APN
- 29-364-23-051
- APU
- 2936423051
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,540,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,435,000
- 6.5%
- $2,595,000
- 7%
- $2,765,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,810,000
- Geo Method
- $2,360,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,540,000
- Retail
- $2,930,000
- Mixed-Use
- $3,000,000
- Hospitality
- $2,280,000
- Educational
- $2,660,000
- Residential Income
- $2,905,000
- Energy
- $2,210,000
- Income-Based Land
- $2,355,000
- Food Service
- $2,745,000
Location Insight
- Map
- Local Demand
- City
- Westminster
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.054
- Latitude
- 39.8282
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
