1450 Santa Fe DrDenver, CO 80223

Property Details for 1450 Santa Fe Dr

Year built

2006

Construction

WOOD

Lot size

0.58 AC

Property size (Sq ft)

10,270 SF

Zone code

B-4

Property type

Strip malls

Property subtype

Neighborhood centers

APN

05223-09-045-000

APU

522309045000

Description

This exceptional investment opportunity presents a fully occupied, two-building retail shopping center ideally located at 1450 S. Santa Fe Dr. in Denver, Colorado, 80223. The property boasts a total of 10,270 square feet across six individual units, each currently leased under a triple-net (NNN) lease agreement. Built in 2006, the single-story complex sits on a 0.58-acre lot and offers ample parking with 38 spaces. The diverse tenant mix includes a variety of established businesses, ensuring consistent income streams. Tenants currently operating within the center include a pole fitness studio, a catering company, a national credit insurance provider, a Mexican fast-food restaurant, and a tattoo parlor. The property is zoned B4 and benefits from prominent digital monument signage on Santa Fe Drive, enhancing visibility and attracting potential customers. This well-maintained property offers a strong return on investment with its 100% occupancy rate and long-term lease agreements. The property's strategic location in Denver, combined with its diverse tenant base and excellent visibility, makes it an attractive proposition for discerning investors seeking a stable and profitable retail investment. The property features two buildings and is conveniently located in Denver County.

• CAP approach

  CAP return

  Valuation

  6%

  $3,239,580

  6.5%

  $2,990,382

  7%

  $2,776,783

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,138,239

  Geo Method

  $2,138,239

• Alternative Use

  Use

  Valuation

  Residential

  $2,522,499

  Hospitality

  $2,310,596

  Educational

  $1,922,388

  Medical

  $1,988,502

  Retail

  $2,990,382

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.6902

Longitude

-104.992

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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