720-528-6308
1937 Market St, Denver, CO for Sale
Restaurant - FOR SALE
1/7
null | Request Cap Rate

1937 Market St
Denver, CO 80202
LoDo


HIGHLIGHTS

  • High Exposure Restaurant/Retail Location - Adjacent to Coors Field and four blocks from Union Station
  • Historic Generational Asset - Recognizable and highly visited property in a prime LoDo location
  • Attractive Net Lease Structure - Current lease expiration of February 2034 with annual rental increases
  • Strong Tenant Sales - Over $5.5M in the past 12 months

OVERVIEW

CBRE National Retail Partners – Mountain is pleased to offer the opportunity to acquire 20th & Market (the “Property”), a historic retail investment property in the heart of Denver’s Lower Downtown (LoDo) Historic District. The two building, 23,253 SF Property is 100% leased to HB Hospitality, LLC (dba Toni Tenderonis, Jaguar Room, Con Safos, El Patio and Agua Bendita) and features a NNN lease, stabilized in-place cash flow, contractual rent growth and favorable percentage rent upside. Located in central Downtown Denver’s sought-after LoDo Historic District, the Property benefits from its dense infill location with synergy and cross-over traffic from adjacent retailer, business and entertainment venues including Coors Field, home of the Colorado Rockies Major League baseball team. The trade area within a 1-mile radius offers high-density demographics with a population of over 46,134, average household incomes of over $145,063 and a daytime population of 143,897, driving significant consumer traffic to the Property. Ideally positioned at the dominant intersection of Market Street and 20th Street with exposure to over 28,500 vehicles per day. 20th & Market meets all the necessary fundamentals of a viable retail destination and benefits from the premier visibility as well as pedestrian and vehicle traffic volumes. The location and strong tenancy combine to make this a very attractive offering for passive investors looking for secured cash flow with strong real estate fundamentals. 20th & Market is being offered free and clear and on an as-is, where-is basis.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

20th and Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

D-LD UO-1

APN/PARCEL ID

2279-14-004

ASK ABOUT THIS PROPERTY

Matt HenrichsCBRE, Inc.More Info
720-528-6308

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Matt HenrichsCBRE, Inc.More Info
720-528-6308

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