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7801 E Arapahoe Road - Greenwood Retail Plaza - US Bank Building, Englewood, CO
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7801 E Arapahoe Road - Greenwood Retail Plaza - US Bank Building
SEC S Syracuse & Arapahoe Rd
Englewood, CO 80112-1355 - South Ret Submarket
.99 AC (43,212 SF)
For Sale Price:
Free Surface spaces are available; Ratio of 5/1,000 SF
This single user bank building has been continuously occupied since its construction in 1980. Today, US Bank N.A. operates out of this high profile location on the southeast corner of S. Syracuse St. and Arapahoe Rd. adjacent to the Macaroni Grill and Office Max. The property is accessed by a fully signalized intersection in addition to a dedicated right-in and right-out movement. The bank offers two drive-thrus and plenty of on-site parking.
Arapahoe Rd. defines the southern boundary of the Greenwood Village office Park. This six lane east/west arterial connects to I-25 approximately 0.5 mile to the east and is the primary gateway access to the large residential community to the west. The area is a well developed, mature area. The City of Greenwood Village is an 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 sg. ft.) on the front range.
We are pleased to present this prime STNL investment with an outstanding national credit tenant U.S. Bank (S&P Credit Rating A+) in an excellent infill location. The property is leased with 11 years remaining (including option period) on an ABSOLUTE NNN basis with zero landlord responsibility during the term with rare 3% annual rent increases with the next increase on 04/01/2018. The tenant is responsible for all property taxes, insurance, utilities, property maintenance and building replacement. There is a new roof as of Feb. 2016. The property is offered free and clear of any encumbrances.
A bank has been operating in this location for over 30 years. This U.S. Bank branch has over $114 million in deposits which ranks in the Top 7% of U.S. Bank branches nationally (222 out of 3,222).
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. The property is accessed by a fully signalized intersection in addition to a dedicated right-in and right-out movement.
Arapahoe Rd., with 52,399 annual average daily traffic, 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 is currently under replacement. This $66 million project will include 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. Upon completion of this project it is anticipated that traffic flow on this major road will be greatly improved benefiting residents and businesses.
CLICK HERE TO CONTACT THE SALES BROKER
FOR SALE CONTACTS
Kennedy-Wilson Properties, Ltd.
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