2344 E Colfax Ave - Freestanding FOR SALE


Denver, CO 80206
$1,535,000 USD
303-321-5888
2344 E Colfax Ave, Denver, CO for Sale
$1,535,000 USD
Freestanding - FOR SALE
1/5
null | 6.31% Cap Rate

2344 E Colfax Ave
Denver, CO 80206


OVERVIEW

Unique Properties, Inc is pleased to offer to qualified investors, the opportunity to acquire a two-tenant building leased to Subway and Phone Repair and More (PRAM). Subway will execute a new 10 year lease at close and PRAM’s lease expires in May of 2028. Subway’s lease will be absolute NNN, and PRAM currently reimburses for Taxes, Insurance, CAM (Defined in lease abstract) making this investment virtually “hands off”. The Property is located in Denver, Colorado which is the state capital of Colorado. The building is situated on the hard corner of East Colfax and Josephine Street which are two major arterial streets in this part of Denver. The Property is in close proximity to East High School, City Park, Cherry Creek, and Down-town Denver. This area of Denver has experienced tremendous growth as the population has increased by 27.26% since 2010 and is expected to grow another 9.61% over the next 5 years.

FOR SALE DETAILS

PRICE

$1,535,000 USD

PRICE/SF

$629 USD /SF

CAP RATE

6.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

C-MS-8

APN/PARCEL ID

5012-09-025

ASK ABOUT THIS PROPERTY

Marc LippittUnique Properties, Inc.More Info
303-321-5888

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Marc LippittUnique Properties, Inc.More Info
303-321-5888

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