1101-1115 S Pearl St - Storefront FOR SALE


Denver, CO 80210- Washington Park West
$2,785,000 USD
303-594-0333
1101-1115 S Pearl St, Denver, CO for Sale
$2,785,000 USD
Storefront - FOR SALE
1/4
null | 5.56% Cap Rate

1101-1115 S Pearl St
Denver, CO 80210
Washington Park West


HIGHLIGHTS

  • 92% of GLA is below market
  • 70% of GLA is on gross leases
  • Pub on Pearl's effective rent is a low $15.59/SF
  • Average HH income of $208,414 and 19,458 within one mile
  • Located directly west of Whole Foods Market with 568,000+ annual visits (Source: Placer.ai)
  • 0.8% retail vacancy within the South Pearl Street corridor

OVERVIEW

Blue West Capital is pleased to exclusively offer for sale the Pub on Pearl Shops located in Denver, CO. This offering includes a 6,876-square-foot building made up of six e-commerce-resistant, service-based tenants. This value-add investment offers significant upside in converting gross leases to triple net leases and marking rents to market during lease rollover. The property benefits from a strong mix of tenants with a weighted average lease term of 3.92 years. It has 15 onsite parking spaces and plenty of adjacent street parking. Positioned on the northwest corner of South Pearl Street and Buchtel Boulevard north, the property benefits from the dense and affluent surrounding neighborhoods as well as the highly trafficked Whole Foods Market immediately to the east. Washington Park is a dense neighborhood located 2.5 miles south of downtown Denver. There are over 19,458 residents within one mile and over 205,228 residents within three miles of this location. It is also an affluent area with an average annual household income in excess of $208,414 within 1 mile.

FOR SALE DETAILS

PRICE

$2,785,000 USD

PRICE/SF

$365 USD /SF

CAP RATE

5.56%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value-Add Retail | Central Denver

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

U-MS-2

APN/PARCEL ID

5221-03-031

ASK ABOUT THIS PROPERTY

Josh LorenzenBlue West Capital, LLC.More Info
303-594-0333

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Josh LorenzenBlue West Capital, LLC.More Info
303-594-0333

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.