$625,000 USD
303-512-1159
HIGHLIGHTS
- New 5-year Lease, $4,500/mo Base Rent (CONTACT BROKER).
- High-visibility East Colfax frontage with strong access to surrounding infill neighborhoods and established retail/services. In Enterprise Zone.
- U-MS-3 zoning allows a main-street mix of uses such as retail, restaurant, office/professional services, and mixed-use residential.
- Tenant responsible for utilities and substantially all property maintenance and repairs
OVERVIEW
The Denver Infill Specialists of Unique Properties are pleased to present 5702 E Colfax Avenue, a fully leased retail investment along Denver’s East Colfax corridor. The 4,471 SF property is subject to a new five-year lease with $6,900 per month in initial base rent, 3% annual increases, and two five-year renewal options. The tenant is responsible for utilities and substantially all maintenance and repairs.
FOR SALE DETAILS
PRICE
$625,000 USD
PRICE/SF
$140 USD /SF
CAP RATE
11.82%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1953
SPRINKLERS
-
PARKING SPACES
7
LAND DETAILS
LAND ACRES
0.12 AC
LAND SF
5,166 SF
ZONING
U-MS-3
APN/PARCEL ID
6052-08-001
ASK ABOUT THIS PROPERTY
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303-512-1159
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303-512-1159
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