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18364 E 104th Ave 7,000 SF Retail Building Commerce City, CO 80022 $2,415,000 ($345/SF) 5.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Corporate guarantee by Genuine Parts Co.
  • $500k in recent improvements
  • 5 1/2 years remaining on lease before options periods. Two years until next rental increase
  • Below market rents

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
B
Year Built
2007
Price
$2,415,000
Price Per SF
$345
Cap Rate
5.50%
NOI
$132,825
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.57 AC
Zoning
PUD - Planned Unit Development
Parking
19 Spaces (2.71 Spaces per 1,000 SF Leased)
Frontage
210’ on E 104th Ave

NEARBY MAJOR RETAILERS

Starbucks
Snap Fitness 24/7

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1723-16-1-21-005
Land Assessment
$94,380
Improvements Assessment
$337,920
Total Assessment
$432,300
  • Listing ID: 31381714

  • Date on Market: 4/1/2024

  • Last Updated:

  • Address: 18364 E 104th Ave, Commerce City, CO 80022

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