For Sale
$1,850,000

4251 104Th Ave Thornton, CO 80233

High-growth area, 6,600 SF, strong potential.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 6,600 square foot retail storefront, located at 4251 E 104th Ave in Thornton, Colorado (zip code 80233), presents a compelling investment opportunity. Built in 2007 on a one-acre lot, this property boasts excellent street visibility and is currently 100% occupied by a single tenant under an expiring lease. Originally designed as a four-unit strip center anchored by Starbucks, including a drive-thru, the property offers significant flexibility for the new owner. The existing tenant is open to negotiating a new 10-year lease at a 6% capitalization rate based on the asking price of $1,850,000. Alternatively, the property can be subdivided back into its original four-unit configuration, potentially increasing rental income by leveraging the existing drive-thru and the presence of neighboring national retailers. This Adams County location offers strong growth potential and presents a unique chance to capitalize on either a long-term lease or a repositioning strategy. The property's 2007 construction ensures relatively modern amenities.

Highlights

  • 6,600 SF retail storefront on a 1-acre lot in Thornton, CO (80233).
  • Currently 100% occupied with an expiring lease; tenant open to a new 10-year lease at a 6% cap rate.
  • Originally a four-unit strip center with a drive-thru; potential for subdivision and increased rental income.
  • Excellent street visibility and adjacency to national retailers.
  • 2007 construction.

Property Details for 4251 104Th Ave

Property type
Retail properties, Retail space
Square Feet
6,600 SF
Year Built
2007
Buildings
1
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Thornton
County
Adams
State
Colorado
Latitude
39.8854807
Longitude
-104.9382009

FAQs

What type of property is this?
Retail property - High-growth area, 6,600 SF, strong potential.
Where is the retail property located?
The property is located at 4251 104Th Ave Thornton, CO.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 6,600 SF retail storefront on a 1-acre lot in Thornton, CO (80233).; Currently 100% occupied with an expiring lease; tenant open to a new 10-year lease at a 6% cap rate.; Originally a four-unit strip center with a drive-thru; potential for subdivision and increased rental income.
How can I contact the broker?
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4251 104Th Ave
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