Historic character. Long-term income. Built-in rent growth.
Rare opportunity to acquire a distinctive mixed-use investment property in the heart of Olde Town Arvada. 7427 Grandview Avenue combines the character and scarcity of historic Grandview Avenue with diversified commercial and residential income and an exceptionally attractive long-term restaurant lease.
The ground-floor restaurant is secured under a long-term lease extending through November 2036, with current base rent of $5,166 per month through November 2029. Beginning December 2029, contractual rent increases of 3% annually provide built-in income growth through the remainder of the lease term. In addition to base rent, the restaurant tenant is responsible for the property's commercial property tax obligation, currently $2,008.39 per month and subject to annual adjustment based on Jefferson County's tax bill. The tenant also contributes toward certain utilities, further reducing the landlord's operating expense exposure.
Above the restaurant are three updated loft-style apartments, with current and projected rents of approximately $1,550, $1,650 and $1,600 per month. Together, the residential and commercial components provide diversified income while offering investors both long-term commercial stability and residential rent potential.