1735 Central StDenver, CO 80211

For Sale
$2,375,000

High-yield, multi-tenant retail property in LoHi.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional retail investment opportunity is located at 1735 Central St, Denver, CO 80211, in the vibrant Lower Highlands neighborhood. The property, built in 2021, consists of a single building encompassing 4,172 square feet on a 14,311 square foot lot. Currently 100% occupied by two tenants, SLATE Real Estate Advisors and PureLux Beauty Bar, under NNN leases with over 4.5 years remaining. Each lease includes a 3% annual rent escalation clause and personal guarantees. The property boasts a strong NOI of $153,733, resulting in an attractive 6.45% cap rate. The asking price is $2,375,000. This stabilized investment presents a compelling opportunity for investors seeking a secure, high-performing asset in a desirable Denver location. The property offers a combination of strong tenants, long-term leases, and significant upside potential. This is a turnkey investment ready for immediate cash flow.

Highlights

  • $2,375,000 Asking Price for a stabilized retail investment property.
  • NNN lease structure with two tenants.
  • 4,172 square feet on a 14,311 square foot lot.
  • 100% occupancy with a 6.45% cap rate.
  • $153,733 Net Operating Income (NOI).
  • Located at 1735 Central St, Denver, CO 80211.

Property Details for 1735 Central St

Property type
Other retail properties, Retail properties
Square Feet
4,172 SF
Year Built
2021
Buildings
1
Units
2

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.759727378984
Longitude
-105.00747049525
1735 Central St, Denver, Colorado

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1735 Central St
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