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3001 S 23rd Ave 87,897 SF 100% Leased Retail Building Greeley, CO 80631 $14,940,842 CAD ($169.98 CAD/SF) 7.47% Cap Rate
Investment Highlights
- Two Tenant NN Investment - Major University Location
- Tractor Supply Short Term Lease with Below Market Rent
- Strong Rental Increase Growth – Inflation Resistant
- New 10+ Lease Term Extension for Gold’s Gym - High Performing
- New Roof with 20 Year Warranties in Place
- Upside Potential – Strong Real Estate Fundamentals
Executive Summary
The property is located near the University of Northern Colorado which has approximately 9,800 students enrolled. The City of Greeley is ranked #1 for growth in the state with numerous residential projects planned to include the Catalyst / Cascadia Project. This planned master planned development just west of the subject property includes a potential 1,000-acre, $1.1 billion project anchored by a new Colorado Eagles hockey arena (expected 2028), a water park, hotel, and restaurant district. The development will include over 6,000 to 11,000 new housing units. The 87,897 SF building on approximately 8.86 acres is positioned at 23rd Avenue (25,900 VPD) and U.S. Route 34 (CR56) which sees over 41,700 VPD and is one of the region’s busiest thoroughfares. The property sits adjacent to the Greeley Mall and across from Walmart Supercenter and Sam’s Club. The surrounding area is densely populated with over 147,900 within 5 Mile Radius.
Property Facts
Amenities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Arts, Entertainment, and Recreation
- -
- -
- -
Gold's Gym began in 1965 when Joe Gold opened a small fitness center in Venice Beach, California, and the brand grew around strength training and bodybuilding. The company offers gym access, group classes, free weights, expert personal training, and franchise opportunities. Gold's Gym also extends into branded apparel, workout clothing, and accessories through its retail collections. Over time, the business has developed into an international fitness company with a broad consumer and franchise presence.
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- Retailer
- -
- -
- Dec 2028
Tractor Supply Company began in 1938 as a mail-order tractor parts business and later expanded into retail, building a business around serving rural lifestyle needs. The company now offers products for home improvement, agriculture, lawn and garden maintenance, livestock, equine, pet care, and animal wellness. The business also includes Petsense by Tractor Supply and Allivet, extending its reach into pet specialty retail and online pet and animal pharmacy services. Tractor Supply continues to focus on customers pursuing farming, animal care, and hands-on living through stores, digital channels, and related brand offerings.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Arts, Entertainment, and Recreation | - | - | - | ||
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Retailer | - | - | Dec 2028 |
Nearby Major Retailers
Property Taxes
| Parcel Number | R4483706 | Improvements Assessment | $2,709,434 CAD |
| Land Assessment | $596,695 CAD | Total Assessment | $3,306,129 CAD |
Property Taxes
Presented by
3001 S 23rd Ave
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