Listed by BellStreet
$1,100,000
Miller Street Arvada Strip Mall
Details
APN 39-044-21-021
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 7,734
Net Rentable (SqFt) 7,734
Units 5
Cap Rate 5.08%
NOI $55,849
Occupancy 100%
Tenancy Multi
Lease Type Net
Lease Expiration 09/30/2028
Remaining Term 2.3
Rent Bumps Yes
Pro-Forma Cap Rate 10.55%
Pro-Forma NOI $116,000
Price per SqFt $142
Class C
Year Built 1978
Year Renovated 2025
Stories 2
Acreage 0.850
Zoning CG
Parking Spaces 22 spaces
Parking Per SqFt 2.84
Investment Type Value Add
Ground Lease No
Arvada Strip Mall | 7,734 SqFt
Marketing description
6429 Miller St offers a rare "best of both worlds" scenario: a 100% occupied, well-maintained retail center with clear paths to increased NOI. This 7,734 SF property features four established tenants in a high-demand Arvada corridor. While currently stabilized, the asset presents a prime opportunity for an investor to implement professional management strategies and lease restructuring. Positioned on a high-visibility lot with ample parking, this is a "legacy" asset ready for a modern approach to maximize its full income potential.
Investment highlights
- Fully Stabilized Asset: The property is currently 100% leased, offering immediate stability for a new owner.
- Institutional Upside Potential: Rents are currently below market, which is between $15-$17/SF NNN, signaling potential for rental growth through lease renewals.
- Dense Neighborhood Location: Surrounded by a residential base with a population of 16,510 within 1 mile and over 101,000 within 3 miles.
- All current leases expire by October 2028
- New Owner can re-demise to add a 5th tenant
Listing Contacts
Listed by BellStreet
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$55,849.00
$4,654.08/mo
Valuation Metrics
0
DSCR
5.08%
Cap Rate
5.08%
ROI
Map
Zoning
CG CommercialGeneral CommercialCommercial General
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View all 48 uses
View all 48 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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