14835 W 64th AveArvada, CO 80007
Autowash
16 Yrs on Abs. NNN Lease | 2 x 10-Year Options, 2% Annual Rent Increases
Overview
Lot Size: 0.94 AC
Year Built: 2008
Initial Lease Term: 20 Years
Rent Commencement Date: 9/26/2019
Expiration Date: 11/30/2040
Lease Term Remaining: 16.04
Lease Type: Absolute Triple-Net
Roof & Structure: Tenant
Rent Increases: 2% Annually - Including Options
Options: 2 x 10-Year
Lease Guarantor: Autowash Holdings, LLC
Investment Highlights
- 16 YEARS REMAINING ON ABSOLUTE NNN LEASE WITH 2 X 10 YEAR OPTIONS AND 2% ANNUAL RENT INCREASES.
- THE SUBJECT PROPERTY IS GUARANTEED BY AUTOWASH HOLDINGS, LLC – 24 LOCATIONS THROUGHOUT COLORADO, 5 COMING SOON.
- THE SUBJECT PROPERTY CAN BE ACCESSED FROM INDIANA ST AND W 64TH AVE, WHERE INDIANA ST FEEDS INTO W 64TH ST. THE INTERSECTION OF INDIANA ST INTO W 64TH AVE SEES OVER 23,700+ VEHICLES PER DAY, AND W 64TH AVE SEES 30,000+ VEHICLES PER DAY.
- THE SUBJECT PROPERTY IS 0.5 MILES FROM ARVADA WEST TOWN CENTER AND WESTWOOD SHOPPING CENTER, WHICH SEES OVER 2.6 MILLION VISITORS COMBINED.
- ARVADA, CO IS THE 7TH LARGEST CITY IN COLORADO AND IS A MAJOR HUB FOR COMMERCIAL DEVELOPMENT. CURRENTLY, 1.72M SF OF COMMERCIAL REAL ESTATE IS BEING DEVELOPED, WITH 80% OF THOSE DEVELOPMENTS BEING MULTI-FAMILY HOUSING UNITS.
- THERE ARE 147,782 RESIDENTS AND 61,686 HOUSEHOLDS WITHIN A 5-MILE RADIUS OF THE PROPERTY, EARNING AN AVERAGE HOUSEHOLD INCOME OF $134,222.
Photo Gallery
14835 W 64th AveArvada, CO 80007
Olde Town Arvada (5.3 Miles from Subject Property)
Golden, CO (6 Miles from Subject Property)
Downtown Denver (16.2 Miles from Subject Property)
Sales Team
Listing provided by Revere CRE