1316 E Evans Ave - Veterinarian/Kennel FOR SALE


Denver, CO 80210
$3,360,000 USD
720-528-6308
1316 E Evans Ave, Denver, CO for Sale
$3,360,000 USD
Veterinarian/Kennel - FOR SALE
1/5
null | 6.4% Cap Rate

1316 E Evans Ave
Denver, CO 80210


HIGHLIGHTS

  • Exceptional Tenant Mix with Attractive Net Lease Structures - 100% Leased to fitness and service based tenancies
  • Irreplaceable Real Estate Fundamentals - Synergy and cross-over traffic generated by adjacent Safeway
  • High Density and Affluent Trade Area - Proximity to University of Denver, population of 159,000+ and avg HH incomes of $172,000 in a 3-mile radius

OVERVIEW

CBRE National Retail Partners – Mountain is pleased to offer the opportunity to acquire 1316 Evans, an infill grocery shadow anchored retail property in Denver, Colorado (the “Property”). The 4,780 SF Property is 100% leased to GoodVets Services and High Ride Cycle and features NNN leases, stabilized in-place cash flow and contractual rent growth. Located in central Denver near the University of Denver campus, 1316 Evans benefits from its infill location, synergy and cross over traffic from adjacent national retailers: Safeway and Walgreens. The trade area offers strong demographic densities with a population of over 22,000 and average household incomes of over $172,000 within a 1-mile radius, driving significant consumer traffic to the Property. Ideally positioned at the dominant intersection of South Downing Street and East Evans Avenue, with exposure to over 48,949 vehicles per day, 1316 Evans meets all the necessary fundamentals of a viable retail destination and benefits from the premier visibility and 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. 1316 Evans is being offered free and clear and on an as-is, where-is basis.

FOR SALE DETAILS

PRICE

$3,360,000 USD

PRICE/SF

$703 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

B2

APN/PARCEL ID

5262-23-048

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.