Best Buy Aurora | Value-Add STNL Retail

Data Room

Kenai Capital Advisors, as exclusive advisor to the Seller, is pleased to present the opportunity to acquire 13801 East Mississippi Avenue, a ±45,800 square foot freestanding retail building situated on 3.93 acres along the Interstate 225 corridor in Aurora, Colorado.

The property is leased to Best Buy under a NNN lease extending through October 2029. Although the premises are currently unoccupied following the tenant's relocation, Best Buy remains contractually obligated for rent and for substantially all property costs through the lease term, providing the incoming owner with in-place income from a national credit tenant (BBB+, S&P; A3, Moody's) rather than a vacant building. Under the NNN structure, the tenant is responsible for real property taxes, insurance, utilities, maintenance, and structural repairs through expiration.

Upon expiration in October 2029, a new owner can execute one of two business plans: a single-tenant re-lease of the entire building, or a multi-tenant repositioning of the box into separately demised suites. Direct frontage on Interstate 225, a parking ratio of 5.46 spaces per 1,000 square feet, and MU-C (Mixed Use Corridor) zoning position the property for single tenant, multi-tenant, or longer-term redevelopment alternatives.