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31774319
31774320

4924 E Colfax Ave, Denver, CO 80220 For Sale

SC
CO FA100069540, CO CO FA100069540
Blue West Capital
Listed by Blue West Capital
$3,160,000
89 days on market
Updated 3 days ago

Central Colfax Shops

Details
APN 0606107023000
Property Type Retail
Sub Type Storefront
Square Footage 9,740
Units 7
Cap Rate 7.75%
NOI $243,817
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Pro-Forma Cap Rate 8.69%
Pro-Forma NOI $274,518
Price per SqFt $324
Year Built 1931
Buildings 1
Stories 1
Acreage 0.280
Zoning U-MS-3
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple

Multi-Tenant NNN Retail | 100% Occupied | Prime East Colfax Frontage

Marketing description

Blue West Capital is pleased to present Central Colfax Shops, a fully leased multi-tenant retail property located at the signalized intersection of E Colfax Avenue (26,000 VPD) and Elm Street in Denver, Colorado. The property is occupied by a mix of service retailers, a historic neighborhood bar, and a growing restaurant franchise, with several tenants operating at the site for more than a decade. Positioned along one of Denver’s most established retail corridors, the asset benefits from strong visibility, steady traffic counts, and growing neighborhood foot traffic.

Central Colfax Shops sits along East Colfax Avenue, a primary east–west corridor connecting Downtown Denver and Aurora. The surrounding trade area features dense residential neighborhoods, new multifamily development, and a strong base of local businesses driving daily retail demand. The property also benefits from convenient access to Colorado Boulevard, Monaco Parkway, I-70, and nearby employment centers including Rose Medical Center and Downtown Denver. The East Colfax Bus Rapid Transit system, beginning operations in 2027, will further enhance accessibility along the corridor.

Investment highlights

  • NNN lease structures limit landlord responsibilities, with 3.0%–5.0% scheduled annual rent increases provide a strong hedge against inflation.
  • Prominent location along E Colfax Ave (26,000+ VPD), a primary east-west corridor serving central Denver neighborhoods.
  • $280 million East Colfax Bus Rapid Transit project expected to significantly increase pedestrian activity and commuter-oriented retail demand.
  • Dense trade area with 200,000+ residents within a 3-mile radius, and average household incomes exceeding $172,000 within a 1-mile radius.
  • Service-based and daily-needs retailers generate consistent repeat traffic from the immediate trade area.

Listing Contacts

SC
CO FA100069540, CO CO FA100069540
Blue West Capital
Listed by Blue West Capital

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$243,817.00
$20,318.08/mo

Valuation Metrics

0
DSCR
7.72%
Cap Rate
7.72%
ROI

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Additional Information

Name
Sam Crowe
License
FA100069540
Brokerage Phone
720-551-8577
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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