7801 E Arapahoe Rd, Greenwood Village, CO 80112

$5,450,000

Single Tenant NNN Office Building


Marty Clouser of Kennedy Wilson Real Estate Sales & Marketing in cooperation with MKP Holdings (CO Broker), is pleased to present this prime investment with an outstanding national credit tenant in an excellent infill location. The property is leased on an ABSOLUTE NNN basis with zero landlord responsibility during the term. The tenant is responsible for all property taxes, insurance, utilities, property maintenance and building replacement.

The property is offered free and clear of any encumbrances. Next ANNUAL 3% RENT INCREASE on 4/1/2020 results in $405,070 NOI (7.4 cap rate at list price).

As of 6/30/2019 this U.S. Bank branch has over $219 MILLION IN DEPOSITS which puts this branch at 97 percentile nationally (72 out of 2918 U.S. Bank branches in the country). A bank has been operating in this location for over 35 years. 

This single user bank building sits at a high profile location on the NEC of S. Syracuse St. and Arapahoe Rd. adjacent to the Macaroni Grill and United Artists Greenwood Plaza 12. The property is accessed by a fully signalized intersection in addition to a dedicated right-in and right-out movement. Arapahoe Rd., with excellent daily traffic count, defines the southern boundary of the Greenwood Village Office Park. This six lane east/west arterial connects to I-25 approximately one-half mile to the east and is the primary gateway access to the large residential community to the west.

The I-25 bridge over Arapahoe Rd was recently replaced. This $66 million project included triple left turn lanes from I-25 off ramps and construction of an additional westbound lane on Arapahoe Rd from Yosemite St to Greenwood Plaza Blvd. Planners estimated that upon project completion it is anticipated that traffic flow on this major road will be greatly improved benefiting residents and businesses.

The City of Greenwood Village is the upscale community within the greater Denver metropolitan area. The submarket of which this property is part boasts the largest concentration of office space (25+ million sq. ft.) on the Front Range, and largest concentration of high end households.

ADDRESS:

7801 E. Arapahoe Road, Greenwood Village, CO 80112
County of Arapahoe

APN:

Parcel 1: 2075-21-3-03-003; Parcel 2: 2075-21-3-24-003

LOT SIZE:

43,223 S.F.; 0.99 ACRES

IMPROVEMENTS:

11,800 S.F. 2-story STNL bank branch with ample parking

YEAR BUILT:

1980; New Roof 2016

ZONING:

MC; Mixed Commercial

 OFFERING MEMORANDUM

DATA ROOM ACCESS

Marty Clouser

Cal Broker DRE# 00912230

(310) 887-6422

mclouser@kennedywilson.com

realtor

310.887.6446

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