16630 Colfax AveGolden, CO 80401

Property Details for 16630 Colfax Ave

Year built

2007

Lot size

1.60 AC

Property size (Sq ft)

20,593 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

40-111-02-047

APU

4011102047

Description

This exceptional investment opportunity presents a 20,415-square-foot Duluth Trading Co. storefront in Golden, Colorado. Boasting a 6.50% cap rate and a strong net operating income of $381,813, this single-tenant, net-lease property offers a secure investment with a remaining lease term of 4.2 years (expiring January 31, 2029). The property, built in 2007 and renovated in 2018, sits on a 69,415-square-foot lot with 92 parking spaces and benefits from high visibility along major thoroughfares, including Colfax Avenue, I-70, and 6th Avenue. Located within the Interplaza West shopping center alongside established retailers like Home Depot, CarMax, and Kohls, this property enjoys a prime location in a thriving retail area. The HVAC system was replaced in 2018. The property is zoned PUD. An adjacent 95,288-square-foot lot may also be acquired. This offering presents a rare chance to acquire a well-performing, established retail property with a below-market lease rate and significantly lower taxes than comparable properties in the Denver West area. The lease includes two five-year options.

• CAP approach

  CAP return

  Valuation

  6%

  $5,563,197

  6.5%

  $5,135,258

  7%

  $4,768,454

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,560,793

  Geo Method

  $4,287,512

• Alternative Use

  Use

  Valuation

  Residential

  $4,331,783

  Hospitality

  $3,967,890

  Educational

  $3,301,238

  Medical

  $3,414,772

  Retail

  $5,135,258

Location Insight

City

Golden

County

Jefferson

State

Colorado

Latitude

39.7247

Longitude

-105.186

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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