The prime retail condo located at 403 16th Street, Denver, CO, offers an exceptional investment opportunity. Situated on the iconic 16th Street Mall, this property benefits from high foot traffic, excellent visibility, and easy access to public transportation. With a strong tenant base, including a national credit salon suite company and a national engineering firm, this investment provides a stable and reliable income stream. The property's competitive cap rate of 9% makes it an attractive option for investors seeking a profitable return on their investment.
The tenant base for this investment consists of a national credit salon suite concept occupying 80% of the space and recently signing a 10-year lease with two 5-year renewal options. The remaining 20% is leased to a national engineering firm with one year remaining on their current lease and a 3-year renewal option.
