450 17Th AveDenver, CO 80203

Property Details for 450 17Th Ave

Year built

2006

Property size (Sq ft)

10,732 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 10,732 square foot, multi-tenant retail condo in Denver's vibrant Uptown neighborhood. Located at 450 E 17th Ave, this Class A property boasts 100% occupancy with three established tenants: Orangetheory Fitness, Rumours Karaoke Cafe, and Toasts n Roasts. All tenants operate under triple net (NNN) leases, providing a stable income stream with a weighted average lease term of 8.4 years. The property features 33 deeded parking spaces, including 12 subsurface and 21 in an adjacent lot. Built in 2006, this single-story building requires minimal deferred maintenance. The property benefits from its prime location in a densely populated and affluent area, with over 9,350 multifamily units within half a mile and another 510 under construction. The strong demographics, service-based tenants, and ongoing development in the area contribute to a compelling investment profile. The property's NOI is $298,570, resulting in a 6.74% cap rate, and the asking price is $4,430,000. The permitted zoning is C-MX-8. This is a rare opportunity to acquire a stabilized, high-performing retail asset in a rapidly growing Denver submarket.

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7433

Longitude

-104.981

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