image imageimageimageimageimageimageimage

4251 E 104th Ave.

Denver, Colorado 80233

CONTACT BROKER
Price
$1,720,000
Property Type
Retail
# of Units
4
Building Size
6,600 SQFT
Year Built
2007

Description

NorthPeak Commercial Real Estate is pleased to present for sale 4251 E 104th Avenue, a single tenant, net leased retail building in Thornton, Colorado. The building was originally constructed as a Starbucks anchored strip center with four units and a drive-thru, but today is 100% occupied by a gym on an expiring lease. The expiring lease affords a new owner several options, including executing a new 10-year agreement or demising the property back into its original configuration and capturing higher rents.

Highlights

  • Property originally constructed as a Starbucks - anchored four unit property with drive-thru
  • Potential upside in demising property into smaller units and utilizing drive-thru
  • Neighboring properties are national retailers
  • Tenant recently finalized extension to lease adding 5 years
  • Excellent street exposure
  • 2007 construction
  • True 7.0% CAP NNN investment
  • Priced well below similar competing properties

Brokers

image

Scott Fetter

. Principal
(720) 470-3646.
image

Joe Hornstein

. Principal
(720) 939-2943.

Request More Info

  • This field is hidden when viewing the form
  • This field is for validation purposes and should be left unchanged.