|Price/Rent PSF||$ 6,380,000.00|
|SQ. FT. Available||45,000|
The subject property is well located right off the very busy interchange of I-225 and Mississippi Ave - on average nearly 200,000 vehicles travel by this site daily. The property is adjacent to a free-standing Starbucks and surrounded by national retailers such as Home Depot, Walmart, Sam's Club, Burlington Coat Factory, and Verizon Wireless. A new light rail station (the Florida Station) was recently constructed approximately .7 miles to the south at Florida Ave, less than a 15-minute walk.
As the exclusive agent for the seller, SVN Denver Commercial is proud to present for sale a single tenant net leased Best Buy that recently extended the lease term for an additional two years. As one of the largest retailers in the U.S., Best Buy maintains an Investment Grade credit rating (S&P: BBB, Moody's: Baa1) and is coming off its strongest financial year in over a decade. This is an absolute NNN lease and is offered at an attractive cap rate of 9%.