4251 E 104th Ave - Freestanding FOR SALE


Thornton, CO 80233
$1,850,000 USD
720-738-1945
4251 E 104th Ave, Thornton, CO for Sale
$1,850,000 USD
Freestanding - FOR SALE
1/23
null | Request Cap Rate

4251 E 104th Ave
Thornton, CO 80233


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 willing to execute new 10yr lease with new owner at 6% Cap Rate on list price
  • Excellent street exposure
  • 2007 construction

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Denver Gym & Fitness

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

-

APN/PARCEL ID

1721-07-3-14-023

ASK ABOUT THIS PROPERTY

Scott FetterNorthPeak Commercial AdvisorsMore Info
720-738-1945

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Scott FetterNorthPeak Commercial AdvisorsMore Info
720-738-1945

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