- Prime Location Two Blocks from Old Town Westminster
- Convenient Connectivity to Downtown Denver
- Immediate Income from NNN Lease
- Qualified Opportunity Zone & Qualified Census Tract (QCT)
Prime Location Two Blocks from Old Town Westminster
This property benefits from a prime location near Old Town Westminster, a dynamic area undergoing significant revitalization as part of the City of Westminster’s redevelopment efforts. The surrounding neighborhood blends historic charm with modern amenities, creating an attractive environment for both businesses and residents.
Convenient Connectivity to Downtown Denver
With easy access to transit, the property is just ½ mile from Westminster Station on the B-Line Commuter Rail. This direct rail connection to downtown Denver enhances the site’s desirability for future residential or mixed-use development, providing seamless connectivity to the broader metro area.
Immediate Income from NNN Lease
Investors can capitalize on immediate income with an existing NNN lease in place. The current tenant, a car wash, is under lease until October 31, 2025, providing a steady monthly income of $4,500 in base rent while redevelopment plans are finalized.
Qualified Opportunity Zone
As part of a Qualified Opportunity Zone, this property offers potential tax advantages for investors looking to defer or eliminate capital gains taxes through long-term investment. Additionally, its designation within a Qualified Census Tract (QCT) allows for a 30% basis boost in tax credit calculations, making it an attractive candidate for affordable or LIHTC housing development. This added financial incentive enhances project viability and increases potential returns.
