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5 S 1st Ave
11,000 SF 50% Leased Retail Building Brighton, CO 80601 $1,697,796 CAD ($154 CAD/SF)
Investment Highlights
- - Investment property with upside vacant space (industrial/retail)
- - 3% annual bumps
- - Recession proof tenant just renewed lease for another 5 years
- - Empty space and signage have visibility to highway and exit into Brighton
Executive Summary
Two tenant building of 11,000 SF with a single vacancy in walk-out basement consisting of about 5,500 SF. The vacant space has a roll up door and is perfect for tenancy or storage (including car storage). Sales price is based on new 5 year lease from main floor tenant. This is a "no-hassle" single tenant investment.
Tenant completed initial 7 year term, renewed for an additional 5 years starting 8/2024 and has an option for another 5 years starting 8/2029. 3% bumps annually! Medical use, strong tenant with guaranteed repeat business. Call Ray for additional information 720.209.5546.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$114,997
|
$10.45
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$114,997
|
$10.45
|
| Taxes |
$56,965
|
$5.18
|
| Operating Expenses |
$25,952
|
$2.36
|
| Total Expenses |
$82,917
|
$7.54
|
| Net Operating Income |
$32,080
|
$2.92
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $114,997 |
| Annual Per SF | $10.45 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $114,997 |
| Annual Per SF | $10.45 |
| Taxes (CAD) | |
|---|---|
| Annual | $56,965 |
| Annual Per SF | $5.18 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $25,952 |
| Annual Per SF | $2.36 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $82,917 |
| Annual Per SF | $7.54 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $32,080 |
| Annual Per SF | $2.92 |
Property Facts
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- 5,600 SF
- $20.47 CAD
- Net
- Jul 2029
BayMark Health Services est le plus important fournisseur en Amérique du Nord de traitement médicamenteux pour les troubles liés à l'utilisation de substances, aidant chaque jour des dizaines de milliers de personnes sur le chemin du rétablissement. Avec une vision visant à rétablir la santé, à renforcer les familles et à améliorer les communautés, les Services de santé BayMark s'engagent à répondre aux besoins uniques de chaque patient aussi longtemps qu'il en a besoin, qu'il recherche des traitements ambulatoires, en cabinet, en hospitalisation, en établissement ou toute combinaison de traitements. Lorsque les patients communiquent avec un fournisseur de soins de santé BayMark, ils ont accès à son expertise hautement reconnue et à un large éventail d'options de traitement, ce qui les distingue d'un bout à l'autre du pays. BayMark a connu une croissance importante depuis 2016 grâce à la fusion de nombreux centres de traitement réputés et à l'acquisition et au développement de nouveaux centres de traitement de la toxicomanie.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 5,600 SF | $20.47 CAD | Net | Jul 2029 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- Vacant 5500 SF space with drive in door - High visibility to highway and circular drive exit into Brighton - Over 40K daily with visibility to building signage - Tenant improvement allowance available
| Space | Size | Space Use | Position | Available |
| Lower Level | 5,500 SF | Retail | - | Now |
Lower Level
| Size |
| 5,500 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Lower Level
| Size | 5,500 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
- Vacant 5500 SF space with drive in door - High visibility to highway and circular drive exit into Brighton - Over 40K daily with visibility to building signage - Tenant improvement allowance available
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R0003881 | Total Assessment | $534,514 CAD (2023) |
| Land Assessment | $33,081 CAD (2023) | Annual Taxes | $56,965 CAD ($5.18 CAD/SF) |
| Improvements Assessment | $501,432 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
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5 S 1st Ave
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