Listed by Marcus & Millichap - San Diego
$2,975,000
CITYVET - VET CLINIC (55+ LOCATIONS) | NNN LEASE
Details
APN 05031-03-015-000
Property Type Retail, Office
Sub Type Storefront, Traditional Office
Square Footage 8,000
Cap Rate 6%
NOI $178,500
Tenancy Single
Lease Type NNN
Lease Expiration 12/31/2032
Remaining Term 6.5
Rent Bumps Yes
Class A
Year Built 1999
Year Renovated 2025
Stories 1
Acreage 0.360
Investment Type Net Lease
Ground Lease No
Office | 6.00% CAP | 8,000 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
Investment highlights
- NNN Lease with Minimal Landlord Responsibilities and Built-in 10% Rent Increases Every 5 Years. Recently Renovated with a New Roof. Tenant Expanded to Occupy the Entire Building.
- Located along East Colfax Avenue, one of Denver’s Highest-Trafficked Commercial Corridors. Features Easy Access and Excellent Visibility at a Signalized Hard Corner.
- Nearby Metropolitan State University and the University of Colorado Denver bring a Continuous Flow of Students, Staff, and Academic Professionals to the Neighborhood.
- Prime Central Denver Location with High Foot and Vehicle Traffic Exposure along a Major Thoroughfare, surrounded by Vibrant Commercial Activity and Directly Connecting Downtown to Key Residential and Employment Hubs.
- Just Blocks from Civic Center Park and the Colorado State Capitol, placing the Property in a Governmental and Cultural Epicenter that sees Strong Daytime Population and Steady Tourism.
- Extremely Dense Denver Submarket with over 500k People Residing within a 5-Mile Radius. Affluent Area: Features an Average Household Income of more than $117k Average within a 3-Mile Radius.
- Located in Capitol Hill, one of Denver’s most Populated, Historic, and Walkable Neighborhoods, known for its Mix of Modern Apartments, Historic Homes, and an Active Pedestrian-friendly Lifestyle.
- Surrounded by Mid-Rise and High-Rise Multifamily Developments, providing Thousands of Nearby Residents and Built-in Customer Traffic - ideal for Service-based Businesses seeking a Dense and Growing Customer Base. Easy Access to RTD Light Rail and Bus Lines, offering Direct Connectivity to Downtown Denver, Union Station, DIA, and surrounding Metro Neighborhoods driving Consistent Customer Flow to the Immediate Area.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$178,500.00
$14,875.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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