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3001 S 23rd Ave 87,897 SF 100% Leased Retail Building Greeley, CO 80631 $10,865,000 ($123.61/SF) 7% Cap Rate
Investment Highlights
- Two Tenant NN Investment - Major University Location
- Tractor Supply Short Term Lease with Below Market Rent
- Strong Rental Increase Growth – Inflation Resistant
- New 10+ Lease Term Extension for Gold’s Gym - High Performing
- New Roof with 20 Year Warranties in Place
- Upside Potential – Strong Real Estate Fundamentals
Executive Summary
The property is located near the University of Northern Colorado which has approximately 9,800 students enrolled. The City of Greeley is ranked #1 for growth in the state with numerous residential projects planned to include the Catalyst / Cascadia Project. This planned master planned development just west of the subject property includes a potential 1,000-acre, $1.1 billion project anchored by a new Colorado Eagles hockey arena (expected 2028), a water park, hotel, and restaurant district. The development will include over 6,000 to 11,000 new housing units. The 87,897 SF building on approximately 8.86 acres is positioned at 23rd Avenue (25,900 VPD) and U.S. Route 34 (CR56) which sees over 41,700 VPD and is one of the region’s busiest thoroughfares. The property sits adjacent to the Greeley Mall and across from Walmart Supercenter and Sam’s Club. The surrounding area is densely populated with over 147,900 within 5 Mile Radius.
Property Facts
Amenities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Arts, Entertainment, and Recreation
- -
- -
- -
Gold’s Gym has been the world’s trusted fitness authority since 1965. From its beginning as a small gym in Venice, California, Gold’s Gym has grown into a global icon with hundreds of locations serving millions of people across numerous continents each day. Whether an industry professional or if interested in pursuing a dream to make a passion for Fitness a meaningful reality, they want to help transform lives. Gold’s Gym journey started on a beach in California, their customers' starts today.
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- Retailer
- -
- -
- Dec 2028
Tractor Supply Company, founded in 1938 in Chicago, Illinois, is a leading U.S. retailer specializing in products for home improvement, agriculture, lawn and garden maintenance, livestock, equine, and pet care. Headquartered in Brentwood, Tennessee, the company operates thousands of stores across 49 states, primarily serving rural and suburban communities. Tractor Supply caters to farmers, ranchers, pet owners, and hobbyists, offering a wide range of products including tools, fencing, animal feed, and outdoor power equipment. The company also owns Petsense by Tractor Supply, a pet specialty retailer, and Allivet, an online pet pharmacy, expanding its footprint in the pet care market. Publicly traded on the Nasdaq under the ticker symbol TSCO, Tractor Supply ranks among the Fortune 500 and continues to grow its omnichannel capabilities to meet evolving customer needs.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Arts, Entertainment, and Recreation | - | - | - | ||
|
|
Retailer | - | - | Dec 2028 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Warehouse Space for Sublease
| Space | Size | Space Use | Position | Available |
| Warehouse | 8,900 SF | Industrial | - | Apr 2026 |
Warehouse
| Size |
| 8,900 SF |
| Space Use |
| Industrial |
| Position |
| - |
| Available |
| Apr 2026 |
Warehouse
| Size | 8,900 SF |
| Space Use | Industrial |
| Position | - |
| Available | Apr 2026 |
Warehouse Space for Sublease
Nearby Major Retailers
Property Taxes
| Parcel Number | R4483706 | Improvements Assessment | $2,057,420 |
| Land Assessment | $453,100 | Total Assessment | $2,510,520 |
Property Taxes
Presented by
3001 S 23rd Ave
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