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16950 W Colfax Ave
Golden, CO 80401
Retail Property For Sale
Investment Highlights
- 100% leased outparcel to The Home Depot, Kohl’s, Petco, and Duluth Trading Company
- High-visibility location along W Colfax Ave (19,389 VPD) and nearby W 6th Ave (35,000 VPD)
- Average household incomes exceeding $150,000 within a three-mile radius
- 81% of GLA has 10+ years of operating history at the property
- All leases feature annual rent increases
- State of Colorado DMV recently renewed for five years with rare 3% annual rent increases
Executive Summary
Blue West Capital is pleased to present the opportunity to acquire a 13,838-square-foot multi-tenant retail outparcel located at 16950 W Colfax Avenue in Golden, Colorado. The property is positioned at the signalized entrance to Interplaza West Shopping Center, with visibility and access along W Colfax Avenue (19,389 VPD) and nearby W 6th Avenue (35,000 VPD).
The property benefits from its position within a strong shadow-anchored retail destination featuring The Home Depot, Kohl’s, Duluth Trading Company, Petco, and other national retailers. Interplaza West attracts more than 1.6 million annual visits (Placer.ai), providing significant traffic and exposure to the property.
More than 81% of the GLA is occupied by tenants with over 10 years of operating history at the property. The State of Colorado DMV, the largest tenant, recently exercised a five-year renewal with 3% annual rent increases. Scheduled rent increases across the tenant base provide built-in income growth.
The property benefits from its position within a strong shadow-anchored retail destination featuring The Home Depot, Kohl’s, Duluth Trading Company, Petco, and other national retailers. Interplaza West attracts more than 1.6 million annual visits (Placer.ai), providing significant traffic and exposure to the property.
More than 81% of the GLA is occupied by tenants with over 10 years of operating history at the property. The State of Colorado DMV, the largest tenant, recently exercised a five-year renewal with 3% annual rent increases. Scheduled rent increases across the tenant base provide built-in income growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
13,937 SF
Building Class
B
Year Built
2008
Price
$5,854,000
Price Per SF
$420.03
Cap Rate
6.50%
NOI
$380,570
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.88 AC
Zoning
R-2
Parking
100 Spaces (7.23 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
Property Taxes
| Parcel Numbers | Improvements Assessment | $434,805 | |
| Land Assessment | $520,240 | Total Assessment | $955,045 |
Property Taxes
Parcel Numbers
Land Assessment
$520,240
Improvements Assessment
$434,805
Total Assessment
$955,045
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