Lakewood, CO
Price: $2,817,000
Cap Rate: 4.75%
Status: UNDER CONTRACT

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Blue West Capital is pleased to present the sale of a single tenant absolute triple net leased O’Reilly Auto Parts located at 5807 West Colfax Avenue in Lakewood, Colorado. O’Reilly Auto Parts has operated at this location since it was built in 1998. This is a rare O’Reilly Auto Parts lease containing rental increases every other year with one 10-year option.

The property sits on Colfax Avenue, Denver’s primary east-west thoroughfare and the longest continuous commercial street in the United States.  It’s a densely populated area with over 21,000 people living within one mile and almost 500,000 people living within five miles.  The property is zoned M-G-U which allows for a variety of uses including a mixed-use building up to 90 feet tall creating significant future value.

Located within the Denver MSA, three miles west of downtown Denver

Urban in fill property with high barriers to entry 

O’Reilly Auto Parts is an investment grade rated company (S&P: BBB)

Long-term operating history at the location (since 1998)

Rare absolute triple net O’Reilly Auto Parts lease with zero landlord responsibilities

Rare O’Reilly Auto Parts lease containing rental increases every other year

Lease features one 10-year option

Property is zoned M-G-U which allows for a variety of uses including a mixed-use building up to 90 feet tall creating significant future value

Densely populated area with over 21,000 people living within one mile and almost 500,000 people living within five miles

Two miles west of Empower Field at Mile High, home to the Denver Broncos

Located on Colfax Avenue, Denver’s primary east west throughfare and the longest continuous commercial street in the U.S.

Rapidly expanding area with 2.22% projected annual population growth within one mile

Close proximity to Sloan’s Lake, a popular dynamic neighborhood

Approximately three miles west of notable Denver landmarks such as the Capitol Building, Colorado Convention Center, Ball Arena, University of Colorado Denver, Metropolitan State University of Denver, and the downtown CBD

Retailers in the immediate corridor include Walmart Supercenter, Target, Home Depot, Walgreens, McDonald’s, 7-Eleven, Chick-fil-A, Dutch Bro’s and many others

OFFERING SUMMARY

Price: $2,817,000
Cap Rate: 4.75%

Building Size: 7,000 SF
Land Size:
33,000 SF

INVESTMENT CONTACT

BRANDON GAYESKI
Director
Investment Sales
720.966.1627
Brandon@BlueWestCapital.com

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2022-03-18T09:52:11-07:00
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