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CITYVET - VET CLINIC (55+ LOCATIONS) | NNN 520 E Colfax Ave 11,678 sq ft 100% Let 4-Star Retail Property Denver, CO 80203 £2,223,247 (£190.38/sq ft) 6% Net Initial Yield
INVESTMENT HIGHLIGHTS
- NNN Lease with Minimal Landlord Responsibilities and Built-in 10% Rent Increases Every 5 Years. Recently Renovated with a New Roof.
- Located along East Colfax Avenue, one of Denver’s Highest-Trafficked Commercial Corridors. Features Easy Access and Excellent Visibility.
- Prime Central Denver Location with High Foot and Vehicle Traffic Exposure along a Major Thoroughfare, surrounded by Vibrant Commercial Activity.
- Tenant Expanded to Occupy the Entire Building, Signaling Long-Term Commitment to the Site.
- Nearby Metropolitan State University and the University of Colorado Denver bring a Continuous Flow of Students, Staff, and Academic Professionals.
- Extremely Dense Denver Submarket with over 500k People Residing within a 5-Mile Radius. Affluent Area.
EXECUTIVE SUMMARY
Prime Central Denver Location - 500k+ Population w/in 5 Miles | Signalized Corner | Surrounded by Government, Cultural & Tourist Hubs | Densely Populated Capitol Hill Neighborhood | $117K+ Avg. HHI w/in 3 Miles | Near Major Universities | Direct Access to RTD Light Rail, Bus Lines & DIA
Colorado Broker of Record: Adam Lewis | 1144 15th St., Suite 2150 Denver, CO 80202 | P: (303) 328-2000 | Lic #: ER.100091205 | Firm Lic #: EC. 100048709 | Adam.Lewis@MarcusMillichap.com
Colorado Broker of Record: Adam Lewis | 1144 15th St., Suite 2150 Denver, CO 80202 | P: (303) 328-2000 | Lic #: ER.100091205 | Firm Lic #: EC. 100048709 | Adam.Lewis@MarcusMillichap.com
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Property Size
11,678 sq ft
Costar Property Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1999/2020
Price
£2,223,247
Price per sq ft
£190.38
Yield
6%
NOI
£133,395
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.75
Total Plot Size
0.36 ac
Use Class
C-MS - Commercial
Parking
12 Spaces (1.5 Spaces per 1,000 sq ft Leased)
Frontage
75 ft on East Colfax Avenue
AMENITIES
- Corner Lot
- Signage
- Signalised Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE TYPE
- LEASE END
- CityVet
- Retailer
- 8,000 sq ft
- -
- NNN
- Dec 2032
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE TYPE | LEASE END | |
| CityVet | Retailer | 8,000 sq ft | - | NNN | Dec 2032 |
Walk Score®
Excellent pedestrian access (97)
Transit Score®
Excellent Public Transport (75)
Bike Score®
Ideal For Cyclists (98)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5031-03-015 | Improvements Assessment | £103,876 |
| Land Assessment | £481,634 | Total Assessment | £585,510 |
PROPERTY TAXES
Parcel Number
5031-03-015
Land Assessment
£481,634
Improvements Assessment
£103,876
Total Assessment
£585,510
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CITYVET - VET CLINIC (55+ LOCATIONS) | NNN | 520 E Colfax Ave
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