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2600 Colfax, Denver, CO 80202: Property For Sale:

2600 Colfax Denver, CO 80202
Profitable commercial property
Exclusively Listed By
Pat Clooney
303 882 0733
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The subject property is located at the southeasterly intersection of Colfax Road and Urquest in Downtown Denver, CO

Property Highlights

  • Absolute NNN 20 year lease with 10% rent increases
  • Corporate Guarantee
  • Strong store sales
  • Low price per square foot
  • Low rents per sq foot

Property Description

The lease is fully guaranteed by Rite Aid Corp (NYSE:RAD)

Improvements


Many improvements in and around the property.

Rates

Term Monthly Annual
7/22/2008 - 7/21/2018 $17,035 $204,425
7/22/2018 - 7/21/2028 $18,739 $224,867
Options 1 & 2 $20,613 $247,354
Options 3 & 4 $22,674 $272,090

For Sale

NOI: test_noi

CAP: 6.19%

Square Feet:
15053
Lot Size:
2.71 acres
Year Built:
2003
Rent PSF:
$23.82
PRICE PSF:
$385.82
This property is available free and clear of debt
Site Acreage:
1.44 acres
Lease Term:
25 years
Lease Start:
Sept 2008 (est)
Renewal Options:
Ten 5 year options to renew
Lease Description:
Absolute NNN
 
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