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5750-5790 W 44th Ave
Denver, CO 80212
Retail Property For Sale
Investment Highlights
- Look Optical has been in this location for 25+ years
- Fully leased to a single tenant through December 2029, providing stable in-place income
- Versatile space with recently renovated retail on the first floor and offices on the second floor with private access
- Opportunity for Value Add through lease up of underutilized space
Executive Summary
Pinnacle Real Estate Advisors is pleased to announce they have been retained as the exclusive marketing advisor for 5750 – 5790 West 44th Ave in Denver, Colorado. 100% leased to Look Optical who have been in the building since 2001. The property is retail/office offering approximately 7,245 square feet on a 0.29 acre lot with excellent street exposure. The masonry building provides a functional commercial setting delivering stable in-place cash flow with a lease extending through December 2029. There can be an opportunity to lease out office/retail suites on the second floor to increase cash flow.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,245 SF
Building Class
C
Year Built
1959
Price
$1,275,000
Price Per SF
$175.98
Cap Rate
7.22%
NOI
$92,112
Tenancy
Single
Building Height
2 Stories
Slab To Slab
9’
Building FAR
0.54
Lot Size
0.31 AC
Zoning
C, Mountain View
Parking
27 Spaces (3.73 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 39-244-06-021 | Improvements Assessment | $92,907 |
| Land Assessment | $50,625 | Total Assessment | $143,532 |
Property Taxes
Parcel Number
39-244-06-021
Land Assessment
$50,625
Improvements Assessment
$92,907
Total Assessment
$143,532
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