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10212-10222 E Colfax Ave
Aurora, CO 80010
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- 100% occupied with triple net leases
- Proforma NOI stabilizes to an 9.00% cap rate
- All three tenants have extended their leases in recent years showing commitment to the site
- Value-add component – 80% of the rent roll has below market rents
- Large lot with 31 off street parking spaces
- 178,000 residents and an average annual household income of $91,600 within three miles
EXECUTIVE SUMMARY
Blue West Capital is pleased to exclusively offer for sale a multi-tenant retail property located in Aurora, CO (Denver MSA). All three leases are triple net with annual increases, showcasing the stability and income potential of the investment. The seller has leased all units themselves with minimal marketing efforts, underscoring the high demand from tenants at this property.
Located at 10212-10222 East Colfax Avenue, the property consists of a strong mix of service-based retailers that have great synergies with the local community. Additionally, the property sits on a large parcel featuring ample off-street parking with 31 spaces, enhancing convenience for customers.
Situated in a densely populated and affluent neighborhood, the subject property benefits from a sizable market of 178,000 residents and an average annual household income of $91,600 within a three-mile radius.
Moreover, the property enjoys proximity to downtown Denver, a mere six miles away, allowing it to capture inbound and outbound traffic along East Colfax Avenue, the primary east/west thoroughfare through downtown. This segment of East Colfax Avenue sees over 34,100 vehicles daily.
The combination of strong demographics, strategic location, and a diverse mix of service-based tenants, makes this an attractive investment opportunity.
Located at 10212-10222 East Colfax Avenue, the property consists of a strong mix of service-based retailers that have great synergies with the local community. Additionally, the property sits on a large parcel featuring ample off-street parking with 31 spaces, enhancing convenience for customers.
Situated in a densely populated and affluent neighborhood, the subject property benefits from a sizable market of 178,000 residents and an average annual household income of $91,600 within a three-mile radius.
Moreover, the property enjoys proximity to downtown Denver, a mere six miles away, allowing it to capture inbound and outbound traffic along East Colfax Avenue, the primary east/west thoroughfare through downtown. This segment of East Colfax Avenue sees over 34,100 vehicles daily.
The combination of strong demographics, strategic location, and a diverse mix of service-based tenants, makes this an attractive investment opportunity.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
5,972 SF
Building Class
C
Year Built
1952
Price
$2,327,654 CAD
Price Per SF
$389.76 CAD
Cap Rate
7.58%
NOI
$176,500 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.53 AC
Opportunity Zone
Yes
Zoning
OA-MS - OA-MS
Parking
31 Spaces (5.19 Spaces per 1,000 SF Leased)
Frontage
80’ on Colfax Ave
PROPERTY TAXES
| Parcel Number | 1973-03-1-03-015 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $331,474 CAD |
PROPERTY TAXES
Parcel Number
1973-03-1-03-015
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$331,474 CAD
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