450 E 17th Ave
Denver, CO 80203
Multi-tenant Retail | 8.86 Years of WALT · Office Property For Sale
Investment Highlights
- 100% occupied with triple net leases
- Orangetheory Fitness and Toasts N Roasts signed early lease extensions
- 33 deeded off-street parking spaces
- Weighted average lease term of 8.86 years
- Rumours Karaoke Cafe recently expanded into Suite D
- 240,406 residents and $108,779 average annual household income within 3 miles
Executive Summary
The 10,732 square foot property is 100% occupied with Orangetheory Fitness, Rumours Karaoke Cafe, and Toasts N Roasts. All tenants have triple net leases with a total weighted average lease term of 8.86 years. There are 33 total parking spaces deeded to the retail condo, 12 of which are subsurface and 21 are in the adjacent, outdoor parking lot. The property is centrally located in Uptown which is a dense neighborhood that has seen significant growth through recent development. There are over 9,350 multifamily units within 0.5 miles of the subject property and another 510 units currently under construction. East 17th Avenue is considered “Restaurant Row” with various restaurants bringing additional daytime and nighttime population near the property. This is a dense and affluent neighborhood with over 54,000 residents living within one mile and an annual average household income of $108,779 within three miles. The combination of demographics, service-based tenants, and ongoing development in the area make this a strong investment opportunity.
Property Facts
| Property Type | Office | No. Stories | 1 |
| Property Subtype | Office/Residential | Year Built | 2006 |
| Building Class | A | Parking Ratio | 0.54/1,000 SF |
| Lot Size | 0.67 AC | APN / Parcel ID | 2349-19-038 |
| Rentable Building Area | 10,732 SF | ||
| Zoning | C-MX-8 | ||
| Property Type | Office |
| Property Subtype | Office/Residential |
| Building Class | A |
| Lot Size | 0.67 AC |
| Rentable Building Area | 10,732 SF |
| No. Stories | 1 |
| Year Built | 2006 |
| Parking Ratio | 0.54/1,000 SF |
| APN / Parcel ID | 2349-19-038 |
| Zoning | C-MX-8 |
Amenities
- Bus Line
- Controlled Access
- Air Conditioning
- Fiber Optic Internet
