E 49th Ave & Tower Rd - Bank FOR SALE


Denver, CO 80249- Gateway
$3,889,000 USD
510-289-1166
E 49th Ave & Tower Rd, Denver, CO for Sale
$3,889,000 USD
Bank - FOR SALE
1/1
null | 4.5% Cap Rate

E 49th Ave & Tower Rd
Denver, CO 80249
Gateway


HIGHLIGHTS

  • 15-Year Corporate Guaranteed Ground Lease to KeyBank
  • 10% Rental Escalations Every 5 Years Throughout the Primary Term & Option Periods
  • Zero Landlord Maintenance Responsibilities
  • Brand New 2025 Construction
  • Highly Functional Footprint Featuring Three Drive-Thru Lanes
  • 20,000+ New Residential Units in Development Pipeline

OVERVIEW

The subject property is strategically located with excellent access and visibility at the signalized corner of 49th Avenue and Tower Road (25,000 VPD), near its junction with Green Valley Ranch Boulevard (24,760 VPD). The site benefits from robust demographics in the surrounding area; with a population of 148,014 within a 5-mile radius, annual growth rate of 2.65% within a 3-mile radius, and average household income of $117,224 within a 1-mile radius. The site benefits from a prominent retail location in close proximity to top-performing shopping centers and retailers, as well as major area employers. The site is located approximately 5 miles from Denver International Airport, the largest employer in Colorado with approximately 40,000 employees and the third-busiest airport in the country, serving approximately 78 million passengers each year. Also nearby is the Buckley Space Force Base, with an estimated economic impact of $2.55 billion annually. Additionally, the property is located in the center of the fastest growing residential area in Denver with 20,000+ new residential units in the development pipeline. Denver (population 716,577) is the capital and most populous city in Colorado and a principal city of the Denver-Aurora-Lakewood metropolitan statistical area, with a total population of 3 million. The region has benefited from robust population growth and represents nearly 70% of the population of Colorado. Over the last ten years, Denver has experienced rapid growth and development, adding more than 4.4 million square feet of office space, 10,000+ residential units, and 3,700 hotel rooms to the downtown area alone. Denver benefits from an established economic base in aviation, bioscience, broadband and digital communications, aerospace and defense, healthcare, education, financial services, technology, and energy. Denver is home to the second-largest Aerospace economy in the U.S., with more than 290 aerospace companies in the region; aerospace is one of the fastest growing sectors of the greater Denver economy, with employment in the sector rising 6.7% year-over-year. Major regional employers include Ball Aerospace, Medtronic, IBM, NOAA, University of Colorado Boulder, Array BioPharma, Google, Lockheed Martin, Northrop Grumman, Micro Motion, Qualcomm, Wells Fargo, Whole Foods, Arrow Electronics, DaVita, DISH Network, and more. This property is listed in conjunction with Colorado-licensed real estate broker Christopher Burton of Legend Partners, LLC. CO RE Lic#EA40000687

FOR SALE DETAILS

PRICE

$3,889,000 USD

PRICE/SF

$1,182 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KeyBank Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

-

APN/PARCEL ID

0161-06-002

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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