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614 W Central Ave 10,466 SF 100% Leased Retail Building Wiggins, CO 80654 $725,000 ($69.27/SF) 7.24% Cap Rate
Investment Highlights
- Main Street Visibility
- Solid Financial Performance w/ possibility of increasing NOI
- Triple Net Lease Structure
Executive Summary
Fully-Leased Investment Opportunity in the Heart of Wiggins. Discover a versatile 10,000 sq ft commercial property ideally positioned off a main thoroughfare in rapidly growing Wiggins, Colorado. This fully rented strip mall features a dynamic mix of tenants, including a popular local restaurant, a full-service hair salon, an accounting office, a mechanic shop, a vinyl and branding store, and a private apartment, offering a balanced blend of service, retail, and residential use.With consistent rental income across all units, this property offers immediate cash flow and long-term upside in a community poised for continued growth. Excellent visibility and access, ample parking, and a central location make this a valuable addition to any investor's portfolio.Whether you're looking to diversify your commercial holdings or enter the market with a stable, income-producing property, this asset delivers. New Roof and fresh exterior paint! Current rents total $4,375/month. With lease formalization and minor improvements, market rent potential estimated at $5,250/month or more.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
10,466 SF
Building Class
C
Year Built
1950
Price
$725,000
Price Per SF
$69.27
Cap Rate
7.24%
NOI
$52,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.47
Lot Size
0.51 AC
Parking
30 Spaces (2.87 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 122315104002 | Total Assessment | $102,530 (2025) |
| Land Assessment | $33,260 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $69,270 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
122315104002
Land Assessment
$33,260 (2025)
Improvements Assessment
$69,270 (2025)
Total Assessment
$102,530 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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614 W Central Ave
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