Shapes of Tomorrow Montessori School | 5240 W 78th Pl
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Shapes of Tomorrow Montessori School 5240 W 78th Pl
4,527 SF Retail Building Westminster, CO 80003 $1,871,060 CAD ($413 CAD/SF) 6.36% Cap Rate
Investment Highlights
- Stable Income: New 5-year lease with an established Montessori school tenant.
- High Cap Rates: Attractive cap rates starting at 6.36% in Year 1, increasing to 7.46% by Year 5.
- Prime Location: Situated in Westminster, CO, a thriving community with a robust demand for childcare services.
- Growing Rental Income: 3% annual increases in years 3-5.
- Triple Net Lease (NNN): Tenant responsible for all operating expenses, reducing landlord responsibilities.
- Secure Tenant: Shapes of Tomorrow Montessori, a well-established tenant with a strong presence and reputation in the community.
Executive Summary
DAYCARE INVESTMENT OPPORTUNITY W/ NEW 5-YEAR NNN LEASE AND 3% ANNUAL ESCALATIONS!
This 4,527 SF daycare property in Westminster has just been re-leased to a well-established Montessori school. The school has a capacity for up to 70 children and features new flooring, paint, furnishings, and a fully-equipped and fenced playground on a large 0.58-acre corner lot. New 5-year lease started in June 2024. Current rent is $7,000/month, NNN structure with limited landlord responsibility. Rent in year 2 is $7,500/month with 3% annual escalations thereafter. Tenant has option to renew for an additional 5-year term at market rates.
Location Overview:
Westminster is a city that prioritizes history, recreation, culture, and arts. A Home Rule Municipality located in Adams and Jefferson counties, Westminster houses over 114,832 people in its total area of 33 square miles. It is the eighth-most populous city in Colorado and was ranked 24th among the best places to live in the USA by Money Magazine in 2006.
This 4,527 SF daycare property in Westminster has just been re-leased to a well-established Montessori school. The school has a capacity for up to 70 children and features new flooring, paint, furnishings, and a fully-equipped and fenced playground on a large 0.58-acre corner lot. New 5-year lease started in June 2024. Current rent is $7,000/month, NNN structure with limited landlord responsibility. Rent in year 2 is $7,500/month with 3% annual escalations thereafter. Tenant has option to renew for an additional 5-year term at market rates.
Location Overview:
Westminster is a city that prioritizes history, recreation, culture, and arts. A Home Rule Municipality located in Adams and Jefferson counties, Westminster houses over 114,832 people in its total area of 33 square miles. It is the eighth-most populous city in Colorado and was ranked 24th among the best places to live in the USA by Money Magazine in 2006.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,527 SF
Building Class
C
Year Built/Renovated
1979/2020
Price
$1,871,060 CAD
Price Per SF
$413 CAD
Cap Rate
6.36%
NOI
$119,067 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.58 AC
Zoning
PUD - Ideal for flexible mixed-use development, allowing for residential, commercial, and recreational spaces to create a cohesive community environment.
Frontage
100 ft on W 78th Place
Amenities
- Fenced Lot
- Security System
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Radiance Day Care
- Educational Services
- 4,527 SF
- $26.29 CAD
- Net
- Jun 2029
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Radiance Day Care | Educational Services | 4,527 SF | $26.29 CAD | Net | Jun 2029 |
Walk Score ®
Very Walkable (71)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 29-361-01-056 | Improvements Assessment | $71,346 CAD |
| Land Assessment | $124,072 CAD | Total Assessment | $195,418 CAD |
PROPERTY TAXES
Parcel Number
29-361-01-056
Land Assessment
$124,072 CAD
Improvements Assessment
$71,346 CAD
Total Assessment
$195,418 CAD
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Shapes of Tomorrow Montessori School | 5240 W 78th Pl
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