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CITYVET - VET CLINIC (55+ LOCATIONS) | NNN 520 E Colfax Ave 11,678 SF 100% Leased 4-Star Retail Building Denver, CO 80203 $2,975,000 ($254.75/SF) 6% Cap Rate
Investment Highlights
- NNN Lease with Minimal Landlord Responsibilities and Built-in 10% Rent Increases Every 5 Years. Recently Renovated with a New Roof.
- Located along East Colfax Avenue, one of Denver’s Highest-Trafficked Commercial Corridors. Features Easy Access and Excellent Visibility.
- Prime Central Denver Location with High Foot and Vehicle Traffic Exposure along a Major Thoroughfare, surrounded by Vibrant Commercial Activity.
- Tenant Expanded to Occupy the Entire Building, Signaling Long-Term Commitment to the Site.
- Nearby Metropolitan State University and the University of Colorado Denver bring a Continuous Flow of Students, Staff, and Academic Professionals.
- Extremely Dense Denver Submarket with over 500k People Residing within a 5-Mile Radius. Affluent Area.
Executive Summary
Prime Central Denver Location - 500k+ Population w/in 5 Miles | Signalized Corner | Surrounded by Government, Cultural & Tourist Hubs | Densely Populated Capitol Hill Neighborhood | $117K+ Avg. HHI w/in 3 Miles | Near Major Universities | Direct Access to RTD Light Rail, Bus Lines & DIA
Colorado Broker of Record: Adam Lewis | 1144 15th St., Suite 2150 Denver, CO 80202 | P: (303) 328-2000 | Lic #: ER.100091205 | Firm Lic #: EC. 100048709 | Adam.Lewis@MarcusMillichap.com
Colorado Broker of Record: Adam Lewis | 1144 15th St., Suite 2150 Denver, CO 80202 | P: (303) 328-2000 | Lic #: ER.100091205 | Firm Lic #: EC. 100048709 | Adam.Lewis@MarcusMillichap.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,678 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1999/2020
Price
$2,975,000
Price Per SF
$254.75
Cap Rate
6%
NOI
$178,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.75
Lot Size
0.36 AC
Zoning
C-MS - Commercial
Parking
12 Spaces (1.5 Spaces per 1,000 SF Leased)
Frontage
75’ on East Colfax Avenue
Amenities
- Corner Lot
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- CityVet
- Retailer
- 8,000 SF
- -
- Triple Net
- Dec 2032
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| CityVet | Retailer | 8,000 SF | - | Triple Net | Dec 2032 |
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (75)
Bike Score®
Biker's Paradise (97)
Nearby Major Retailers
Property Taxes
| Parcel Number | 5031-03-015 | Improvements Assessment | $139,000 |
| Land Assessment | $644,490 | Total Assessment | $783,490 |
Property Taxes
Parcel Number
5031-03-015
Land Assessment
$644,490
Improvements Assessment
$139,000
Total Assessment
$783,490
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CITYVET - VET CLINIC (55+ LOCATIONS) | NNN | 520 E Colfax Ave
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