7950 E Hampden Ave - Drug Store FOR SALE


Denver, CO 80237- Hampden
$17,547,054 USD
970-690-0454
7950 E Hampden Ave, Denver, CO for Sale
$17,547,054 USD
Drug Store - FOR SALE
1/7
null | 4.65% Cap Rate

7950 E Hampden Ave
Denver, CO 80237
Hampden


HIGHLIGHTS

  • The Lease offers a 25-year term that commenced January 4, 2022.
  • This is trophy real estate with an investment-grade tenant that can be passed down for generations.
  • The Property is located in the south eastern part of Denver in the Hampden neighborhood at the signalized corner of East Hampden Ave and S Tamarac Dr.
  • There are a combined 85,000 vehicles passing by daily and approximately 130,000 people living within 3 miles.

OVERVIEW

Trophy investment opportunity. Single tenant absolute NNN CVS property extraordinary assumable debt. Long term CVS lease. Corporate CVS lease guaranteed by CVS Health Corporation. Over 21 years remaining on 25-year, absolute net lease that commenced in 2022 with five, 5-year renewal options. Scheduled rent increases in option periods. 3.45% fixed interest rate over entire term of the loan with Protective Life Insurance Company. Debt is fully amortizing over the primary term of the CVS lease and matures January 1, 2047. Current loan balance of approximately $8,200,000 (original loan of $9,000,000). Monthly loan payment of $44,815.14 ($537,781.68 annually). Positive leverage and favorable cash flow in today’s higher interest rate environment makes this loan assumption ideal for exchange buyers with a significant debt replacement requirement.

FOR SALE DETAILS

PRICE

$17,547,054 USD

PRICE/SF

$1,338 USD /SF

CAP RATE

4.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trophy CVS with Extraordinary Assumable Debt

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Tamaraac Dr

LAND ACRES

1.48 AC

LAND SF

64,469 SF

ZONING

S-MX-3, Denver

APN/PARCEL ID

7042-00-041

ASK ABOUT THIS PROPERTY

Brad Van HullVan Hull CommercialMore Info
970-690-0454

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Brad Van HullVan Hull CommercialMore Info
970-690-0454

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