12244 E 44th Ave - Retail FOR SALE


Denver, CO 80239- Montbello
$4,230,000 USD
303-324-9060
12244 E 44th Ave, Denver, CO for Sale
$4,230,000 USD
Retail - FOR SALE
1/6
null | 7.5% Cap Rate

12244 E 44th Ave
Denver, CO 80239
Montbello


HIGHLIGHTS

  • New 20-year House of Spirits leaseback with scheduled rent increases
  • Real De Minas is an established local operator with four Denver locations and a 5-year renewal option
  • 100% leased, two-tenant strip center built in 2013 on a 1.43-acre corner parcel
  • Visibility off I-70 at 219,000 vehicles per day with first-turn access off Peoria Street exit ramp at nearly 52,000 vehicles per day
  • Supported by nearby major national tenants including La Quinta Inn, Best Western, Hilton, McDonald's, and Popeyes Louisiana Kitchen
  • 135,000+ daytime employees within five miles with site-adjacent hotels driving consistent demand

OVERVIEW

Blue West Capital is pleased to offer for sale a 100% leased, two-tenant NNN retail center at 12244 E 44th Ave in Northeast Denver, anchored by a new 20-year House of Spirits sale-leaseback with 2% annual rent increases. The stabilized, 2013-built center totals 12,000 square feet, with the liquor store anchor occupying 62.5% of the building and an established local Mexican restaurant operator in the balance, carrying a weighted average lease term of approximately 12.7 years.

FOR SALE DETAILS

PRICE

$4,230,000 USD

PRICE/SF

$350 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

B-4

APN/PARCEL ID

1243-00-022

ASK ABOUT THIS PROPERTY

Lucas McQuinnBlue West Capital, LLC.More Info
303-324-9060

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Lucas McQuinnBlue West Capital, LLC.More Info
303-324-9060

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