Listed by Kentwood Commercial
$5,800,000
860 Broadway
Details
Property Type Retail
Sub Type Storefront
Square Footage 9,328
Net Rentable (SqFt) 9,328
Cap Rate 7.00%
NOI $407,000
Occupancy 100%
Tenancy Single
Brand/Tenant evo
Lease Type Absolute NNN
Lease Expiration 10/31/2027
Rent Bumps Yes
Price per SqFt $622
Broker Co-Op Yes
Class A
Year Renovated 2017
Buildings 1
Stories 1
Lot Size (SqFt) 9,375
Zoning D-GT
Investment Type Net Lease
Lease Commencement 07/26/2016
Class A Retail/Showroom on Signalized Corner - 7.00% CAP - 9,328 SqFt
Marketing description
Beautifully finished retail/showroom building on the signalized corner of 9th & Broadway
100% leased to Evo - national retailer of mountain sports equipment (www.evo.com) through 10/31/27
Highly accessible location with excellent visibility on Denver's iconic Broadway commercial corridor
31,000 apartment units within 1-mile radius of property
47,000 population within 1-mile radius of property
Investment highlights
Listing Contacts
Listed by Kentwood Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$407,000.00
$33,916.67/mo
Valuation Metrics
0
DSCR
7.02%
Cap Rate
7.02%
ROI
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