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6429 Miller St 7,734 SF 100% Leased Retail Building Arvada, CO 80004 $1,520,585 CAD ($196.61 CAD/SF)
Executive Summary
This retail strip center in Arvada offers a stabilized investment opportunity with an operational upside. The 7,734-square-foot building currently maintains 100% occupancy across its five units. Positioned on a 0.85-acre lot, the property serves as a resilient neighborhood anchor with a diverse tenant mix that includes an event center, a collectables shop, and a salon.
A new owner can capture immediate gains by refining operations and realigning lease structures with current market standards. Transitioning existing modified gross leases to a triple-net structure will allow for improved expense recovery and enhanced cash flow.
The property features functional utility, including a parking ratio of 5.80 spaces per 1,000 square feet. With 45 surface spaces and prominent signage, the site provides accessibility and visibility for its service-oriented tenants. The general commercial zoning supports a wide range of future retail and professional uses.
Located in an affluent Northwest submarket, the center benefits from strong local demographics, including 101,536 residents and a median household income of $101,311 within a three-mile radius. The property is situated just 0.12 miles from Ralston Road and 0.16 miles from West 64th Avenue, which carry 20,794 and 22,762 vehicles per day, respectively. Additionally, the site is just a three-minute drive from the Arvada Ridge commuter rail station.
A new owner can capture immediate gains by refining operations and realigning lease structures with current market standards. Transitioning existing modified gross leases to a triple-net structure will allow for improved expense recovery and enhanced cash flow.
The property features functional utility, including a parking ratio of 5.80 spaces per 1,000 square feet. With 45 surface spaces and prominent signage, the site provides accessibility and visibility for its service-oriented tenants. The general commercial zoning supports a wide range of future retail and professional uses.
Located in an affluent Northwest submarket, the center benefits from strong local demographics, including 101,536 residents and a median household income of $101,311 within a three-mile radius. The property is situated just 0.12 miles from Ralston Road and 0.16 miles from West 64th Avenue, which carry 20,794 and 22,762 vehicles per day, respectively. Additionally, the site is just a three-minute drive from the Arvada Ridge commuter rail station.
Property Facts
Sale Type
Investment
Property Type
Building Size
7,734 SF
Building Class
C
Year Built
1978
Price
$1,520,585 CAD
Price Per SF
$196.61 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.85 AC
Zoning
Commercial, General (CG) - CG (Commercial, General) supports broad retail and service uses, providing flexibility for various commercial activity.
Parking
45 Spaces (5.8 Spaces per 1,000 SF Leased)
Frontage
101’ on Miller St
Amenities
- Pylon Sign
- Signage
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 39-044-21-021 | Improvements Assessment | $14,115 CAD |
| Land Assessment | $121,296 CAD | Total Assessment | $135,411 CAD |
Property Taxes
Parcel Number
39-044-21-021
Land Assessment
$121,296 CAD
Improvements Assessment
$14,115 CAD
Total Assessment
$135,411 CAD
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6429 Miller St
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