1755 W 48th Ave - Storefront FOR SALE


Denver, CO 80221- Chaffee Park
$6,875,000 USD
303-903-6970
1755 W 48th Ave, Denver, CO for Sale
$6,875,000 USD
Storefront - FOR SALE
1/13
null | 6.8% Cap Rate

1755 W 48th Ave
Denver, CO 80221
Chaffee Park


HIGHLIGHTS

  • High Visability and Traffic
  • All Leases NNN with Annual Escalators
  • Significant Capital Improvements

OVERVIEW

The William Feinberg Companies, Ltd. is pleased to present for sale Chaffee Park Plaza (4801-4833 Pecos St & 1735-1755 W 48th Ave) a fully leased, 25,416 rentable square foot (RSF) retail shopping center located at the high-traffic intersection of I-70 and Pecos Street in Northwest Denver. The Center is home to 11 tenants, including regional, franchise, and local operators and is adjacent to national retailers including Save-A-Lot, Family Dollar, and 7-Eleven with gas. All leases are NNN and all have annual rent escalators. The average remaining lease term is over three years and Chaffee Park Plaza has been well maintained having invested over $2.75 million in capital improvements (approximately $110.00 per RSF) over the past 20 years. The property includes three buildings on 1.57 acres. Units are individually or sub-metered for utilities, and there is abundant parking with approximately 110 parking spaces including a parking easement behind the adjacent 7-Eleven. This is a strong, stable investment offering steady income, quality construction, and long-term upside.

FOR SALE DETAILS

PRICE

$6,875,000 USD

PRICE/SF

$287 USD /SF

CAP RATE

6.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chaffee Park Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

110

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

-

APN/PARCEL ID

2163-28-009

ASK ABOUT THIS PROPERTY

William FeinbergThe William Feinberg Companies, Ltd.More Info
303-903-6970

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William FeinbergThe William Feinberg Companies, Ltd.More Info
303-903-6970

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