866 E 78th Avenue
Industrial | 6.00% CAP | 5,625 SqFt
Marketing description
Unique Properties is pleased to present for sale a fully leased, 5,625 SF industrial office/warehouse condominium investment at 866 East 78th Avenue in Denver, Colorado — occupied by NeuAbility, one of the Denver area's most established and mission-driven non-profit tenants.
NeuAbility has occupied this location for over 12 years, making them one of the most deeply rooted small-bay industrial tenants in the Center. They have invested significantly in improving the space — from custom gym flooring and specialized adaptive equipment to private therapy rooms and professional office buildout. This is not a tenant that moves lightly.
The current NNN lease is priced at $11.04/SF — meaningfully below the prevailing market rate of $14.00+ per square foot for comparable units of this size and I-1 zoning in the Denver metro. This below-market basis represents a built-in value opportunity: upon renewal, rents will reset to Fair Market Rent, driving a materially higher return for the next owner. An investor acquiring today locks in stable, predictable income now with a clear path to enhanced yield at renewal.
The current NNN lease runs through December 31, 2028, with a 5-year renewal option at Fair Market Rent. The landlord's obligations are limited to structural components only — the Association handles all common area maintenance — making this a truly low-management investment with strong upside baked in.
Investment highlights
- Founded in 2007 as the Spinal Cord Injury Recovery Project, NeuAbility has grown into one of Denver's most recognized adaptive wellness and fitness organizations. Operating from this 5,625 SF facility for over 12 years, they provide over 9,000 hours of one-on-one adaptive exercise and integrative wellness services annually to individuals living with spinal cord injuries, strokes, and paralysis.
- NeuAbility is a 501(c)3 non-profit with a deeply loyal client base, established funding partnerships, and a growing community presence. Their services — adaptive exercise, circuit training, gym memberships, massage, acupuncture, and chiropractic therapies — are purpose-built for this space, and the significant improvements they have made to the facility reflect a tenant with long-term commitment to the location.
- Their annual Strive Gala and Rounds Golf Tournament fundraisers, ongoing grant-funded programming, and partnerships with organizations like the Colorado Disability Opportunity Office underscore an organization with strong institutional support and community ties.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
