303-583-2013
16501 Washington St, Thornton, CO for Sale
Bank - FOR SALE
1/12
null | Request Cap Rate

16501 Washington St
Thornton, CO 80023


HIGHLIGHTS

  • NEAR COSTCO, HOME DEPOT, CHICK-FIL-A & MORE
  • 4 LANE DRIVE-THRU

OVERVIEW

Located as an outparcel at Larkridge Outdoor Shopping Center – which sees around 27,000 VPD – 16501 Washington Street is a 4,008 SF, reinforced concrete, single-story, freestanding building built in 2007 last serving a single, bank tenant who has taken great care of maintaining the property. The building offers great visibility from Washington Street and has a dedicated turn lane that heads into a 35 space parking lot with an extremely high parking ratio of 7.12/1,000 SF. Being just off I-25 in Thornton, the drive is an equal 23 minutes to both Downtown Denver and Longmont: SmartAsset named Longmont the fastest growing city in the country in 2019. The property is on a long-term ground lease with the Larkridge Developer – Jordon Perlmutter & Co. Within a 5-mile radius of 16501 Washington St., the population has increased more than 46% in the past decade with the median annual household income now reaching almost $120,000. Some restaurants nearby include Chili’s (shares the parking lot), Famous Dave’s, Chick-fil-A, and Buffalo Wild Wings. Dick’s Sporting Goods, Costco and Home Depot are the big box retail tenants that drive much of the traffic to Larkridge. The other closest Costco locations being in Superior and Westminster means this Costco location in Larkridge brings in people as far away as Longmont, Lafayette, and Brighton—most of whom have to pass 16501 Washington St on their way. Other notable developments in the area include Colorado National Golf Club and Children's Hospital Colorado North Campus.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Summit Bank & Trust

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

56.17 AC

LAND SF

2,446,765 SF

ZONING

-

APN/PARCEL ID

1573-03-1-01-006

ASK ABOUT THIS PROPERTY

Monica WileyCBRE, Inc.More Info
303-583-2013

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Monica WileyCBRE, Inc.More Info
303-583-2013

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.