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15601 E 6th Ave
Aurora, CO 80011
Multitenant NNN Flex Investment · Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • Attractive two tenant NNN asset
  • Recent capital expenditures to roof (2021), RTUs (2020), flatwork & striping (2020)
  • Large traffic count on E 6th Avenue, averaging 29,666 vehicles per day
  • Large lot (2.18 ac)
  • Tenured tenants
  • 100% Occupied with generous annual rent escalations

EXECUTIVE SUMMARY

15601 E 6th Avenue is a fully occupied, two-tenant NNN investment located in a rapidly growing area of Colorado. This 21,001-square-foot property is listed for $4,200,000, offering a 6.20% in-place capitalization rate. The automotive-focused asset features strong tenants and favorable leases with minimal landlord responsibilities (limited to roof and structure). One of the tenants, Chase Automotive, is a well-established, locally owned auto repair shop that has operated at this location for over 15 years. The other tenant, Point S Tire & Auto Service, is a nationally recognized franchise managed by local operators with multiple locations across Colorado.
Situated on a 2.18-acre lot, the property offers ample parking for tenants and customers. It is ideally located at a signalized intersection with high traffic flow from two of Aurora's major thoroughfares: 6th Avenue and Chambers Boulevard. Additionally, it provides convenient access to I-225, I-25, and I-70. In the past five years, several capital improvements have been completed, including upgrades to the roof, RTUs, and flatwork. Notably, the roof comes with a 10-year transferable warranty, effective from 2021.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
21,001 SF
Building Class
C
Year Built/Renovated
1986/2020
Price
$5,784,702 CAD
Price Per SF
$275.45 CAD
Cap Rate
6.20%
NOI
$358,515 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
2.18 AC
Zoning
B-1
Parking
50 Spaces (2.38 Spaces per 1,000 SF Leased)
Frontage
338’ on E. 6th Ave.

AMENITIES

  • Pylon Sign
  • Monument Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1975-05-3-46-003
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$942,122 CAD
  • Listing ID: 26783133

  • Date on Market: 2022-10-05

  • Last Updated:

  • Address: 15601 E 6th Ave, Aurora, CO 80011

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