For Sale
$1,270,000

1085 Federal BlvdDenver, CO 80219

High-yield Denver retail, 6.40% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a three-unit retail strip center located at 1085, 1087, 1089, & 1091 S. Federal Blvd in Denver, Colorado, 80219. The property boasts a total of 1,989 square feet across three buildings, built in 1947 and renovated in 2019, situated on lots totaling between 600 and 3,290 square feet. The property features ample parking with 1,085 spaces. The asking price is $1,270,000, offering a compelling 6.40% capitalization rate with a pro-forma NOI of $81,282.48. Individual unit sizes range from 451 to 1,032 square feet. The property is zoned E-XM-3. Leases are NNN (Net, Net, Net) with multiple tenants. Lease terms vary, with current leases expiring between 2025 and 2028, and include a 7% annual rent increase. Property taxes for 2021 and 2023 are documented for individual units and the parking lot. This well-maintained property offers a strong return on investment with established tenants and a prime location in Denver. The property's history of successful tenancy and consistent rental income makes it an attractive addition to any investment portfolio. This is a rare opportunity to acquire a multi-tenant retail property in a thriving Denver market.

Highlights

  • $1,270,000 asking price for a three-unit retail strip center in Denver, CO.
  • 6.40% cap rate with a pro-forma NOI of $81,282.48.
  • NNN lease type with multiple tenants.
  • Building sizes range from 451 to 1,032 square feet, on lots ranging from 600 to 3,290 square feet.
  • 1,085 parking spaces available.
  • Property located at 1085, 1087, 1089, & 1091 S. Federal Blvd, Denver, CO 80219.

Property Details for 1085 Federal Blvd

Property type
Neighborhood centers, Retail properties
Square Feet
451 SF
Year Built/Renovated
1947/2019
Units
3

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.6970901
Longitude
-105.025477
1085 Federal Blvd, Denver, Colorado

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1085 Federal Blvd
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