This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

2344 E Colfax Ave

2,440 SF 100% Leased Retail Building Denver, CO 80206 $2,156,184 CAD ($884 CAD/SF) 6.31% Cap Rate

Executive Summary

Unique Properties, Inc is pleased to offer to qualified investors, the opportunity to acquire a two-tenant building leased to Subway and Phone Repair and More (PRAM). Subway will execute a new 10 year lease at close and PRAM’s lease expires in May of 2028. Subway’s lease will be absolute NNN, and PRAM currently reimburses for Taxes, Insurance, CAM (Defined in lease abstract) making this investment virtually “hands off”. The Property is located in Denver, Colorado which is the state capital of Colorado. The building is situated on the hard corner of East Colfax and Josephine Street which are two major arterial streets in this part of Denver. The Property is in close proximity to East High School, City Park, Cherry Creek, and Down-town Denver. This area of Denver has experienced tremendous growth as the population has increased by 27.26% since 2010 and is expected to grow another 9.61% over the next 5 years.

Property Facts

Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,440 SF
Building Class
C
Year Built/Renovated
1968/2013
Price
$2,156,184 CAD
Price Per SF
$884 CAD
Cap Rate
6.31%
NOI
$136,055 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.25
Land Acres
0.22 AC
Zoning
C-MS-8
Parking
13 Spaces (5.33 Spaces per 1,000 SF Leased)
Frontage
97 ft on Colfax Ave

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
Walk Score ®
Walker's Paradise (92)
Bike Score ®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Chase Bank
Noodles & Company
Starbucks
Umb Bank
Dazbog Coffee
Commerce Bank of Missouri
Anytime Fitness
CrossFit
Sprouts Farmers Market
Vectra Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5012-09-025
Land Assessment
$255,722 CAD
Improvements Assessment
$84,253 CAD
Total Assessment
$339,976 CAD
  • Listing ID: 32910946

  • Date on Market: 2024-08-21

  • Last Updated:

  • Address: 2344 E Colfax Ave, Denver, CO 80206

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}