For Lease
$12.75/SF/YR

5151 Colfax AveDenver, CO 80204

13,650 SF Medical Office, High Traffic Area

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
120
This exceptional 13,650 square-foot medical office building, formerly a Walgreens, is ideally situated at the northeast corner of West Colfax Avenue and Sheridan Boulevard in Denver, Colorado. Boasting a prime location with high visibility and accessibility, this single-tenant property offers significant advantages. The building features approximately 58 parking spaces, prominent building and pylon signage, and convenient access from both West Colfax Avenue and Sheridan Boulevard. Built in 2006 with HVAC systems replaced in 2020, the property sits on a 1.21-acre parcel and is zoned C-MS-8 by the City of Denver (permitted uses detailed in Section 7.4.4 of the City's Urban Center Download). The property includes a drive-thru. The high-traffic intersection sees approximately 60,000 vehicles per day. This area is densely populated, with 86,000 residents within a two-mile radius and an average household income exceeding $107,000. The suggested annual rent is $175,000, modified gross (with tenant responsible for repairs and maintenance, insurance, and utilities). The lease term extends to November 30, 2035, and the property is offered "as-is," subject to the approval of Walgreens Co.'s Real Estate Committee. Prohibited uses are specified in the City of Denver zoning documents. This presents a unique opportunity for a medical practice seeking a prominent location in a thriving Denver neighborhood.

Highlights

  • $175,000 annual rent, modified gross (tenant pays R&M, insurance, utilities).
  • Master lease expiration: 11/30/35.
  • 13,650 square foot former Walgreens building with drive-thru.
  • Building and pylon signage included.
  • High-traffic location at the northeast corner of W Colfax Ave and Sheridan Blvd (approx. 60,000 vehicles per day).
  • Convenient access from W Colfax Ave and Sheridan Blvd.

Property Details for 5151 Colfax Ave

Property type
Retail properties, Office properties
RSF (Rentable sq. ft)
13,650 SF

Unit(s) available at that property

Space
Size
13,650 SF
Rate per SF
$12.75

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.7406841
Longitude
-105.0523642
5151 Colfax Ave, Denver, Colorado

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FAQs

What type of property is this?
Retail property - 13,650 SF Medical Office, High Traffic Area
Where is the retail property located?
The property is located at 5151 Colfax Ave Denver, CO.
What is the lease rate?
The lease rate is $12.75/SF/YR.
What are key features of this property?
This property features: $175,000 annual rent, modified gross (tenant pays R&M, insurance, utilities).; Master lease expiration: 11/30/35.; 13,650 square foot former Walgreens building with drive-thru.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

Mark Hollenbeck
Visit Broker Website

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5151 Colfax Ave, Denver, Colorado, 80204

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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5151 Colfax Ave
  • Mark Hollenbeck
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