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Off Market
1/1

450 E 17th Ave
Denver, CO 80203


HIGHLIGHTS

  • 100% occupied with triple net leases
  • Weighted average lease term of 8.86 years
  • Orangetheory Fitness and Toasts N Roasts signed early lease extensions
  • Rumours Karaoke Cafe recently expanded into Suite D
  • 33 deeded off-street parking spaces
  • 240,406 residents and $108,779 average annual household income within 3 miles

OVERVIEW

The 10,732 square foot property is 100% occupied with Orangetheory Fitness, Rumours Karaoke Cafe, and Toasts N Roasts. All tenants have triple net leases with a total weighted average lease term of 8.86 years. There are 33 total parking spaces deeded to the retail condo, 12 of which are subsurface and 21 are in the adjacent, outdoor parking lot. The property is centrally located in Uptown which is a dense neighborhood that has seen significant growth through recent development. There are over 9,350 multifamily units within 0.5 miles of the subject property and another 510 units currently under construction. East 17th Avenue is considered “Restaurant Row” with various restaurants bringing additional daytime and nighttime population near the property. This is a dense and affluent neighborhood with over 54,000 residents living within one mile and an annual average household income of $108,779 within three miles. The combination of demographics, service-based tenants, and ongoing development in the area make this a strong investment opportunity.

FOR SALE DETAILS

PRICE

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CAP RATE

-

% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Multi-tenant Retail | 8.86 Years of WALT

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

10732

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.04 AC AC

LAND SF

1,655 SF

ZONING

-

APN/PARCEL ID

2349-19-044