7220 56th Ave Arvada, CO 80002-3393

Property Details for 7220 56th Ave

Year built

2022

Lot size

1.90 lot acres

Property size

8,242 SF

Property type

Retail space

APN

39-141-02-012

APU

3914102012

Description

This exceptional investment opportunity presents The Shops at Olde Town Station, a brand-new, 15,117-square-foot retail center in Arvada, Colorado. Completed in 2023, this Class A property boasts a prime location at the signalized intersection of Wadsworth Bypass and West 56th Avenue, enjoying high visibility with over 70,000 vehicles passing daily. The center is 100% occupied by five nationally recognized tenants: Smash Burger, Snooze, Parry's Pizzeria, Cava, and Everbowl, all operating under long-term triple-net (NNN) leases with built-in rent increases, ensuring stable cash flow. The property features two single-story buildings, offering a diverse mix of QSR, fast food, and storefront tenants. With a strong net operating income (NOI) of $602,765 and a 6.03% cap rate, this fee-simple offering presents a compelling return on investment. The property benefits from its proximity to major transportation arteries, including I-70, and is surrounded by a dense population with high average household incomes exceeding $123,113 within a 3-mile radius. Adjacent to a large multi-family community and a Residence Inn by Marriott, the center enjoys significant foot traffic and consumer synergy. The asking price is $10,000,000, representing a price per square foot of $661.51. This is a rare opportunity to acquire a core-profile, newly constructed retail asset in the Denver MSA with minimal near-term capital expenditure needs. The property's irreplaceable location and strong tenant lineup provide long-term stability and growth potential. The Jefferson County property features APN 518781.

Location Insight

City

Arvada

County

Jefferson

State

Colorado

Longitude

-105.078

Latitude

39.7979

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments