2681 120Th AveThornton, CO 80233

Property Details for 2681 120Th Ave

Year built

1998

Lot size

1.05 AC

Property size (Sq ft)

3,921 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

R0112600

APU

R0112600

Description

This exceptional ground lease opportunity presents a 1.05-acre parcel situated on a highly visible, signalized hard corner in Thornton, Colorado. The property is located at the intersection of East 120th Avenue and Steele Street, benefiting from exceptional traffic counts of 59,481 vehicles daily on East 120th Avenue. The site previously housed a Wendy's quick-service restaurant (QSR), featuring a convenient drive-thru lane and ample parking for 40 vehicles. The existing building encompasses 3,921 square feet and is currently vacant, offering a blank canvas for a new tenant or redevelopment. This prime location boasts strong demographics, with a population of 131,468, an average household income of $125,612, and a daytime population of 29,078 all within a 3-mile radius. The property's size and location make it ideal for a variety of commercial uses, presenting a compelling investment opportunity in a thriving area of Adams County. The 3,921 square foot building offers significant potential for a variety of QSR or retail concepts. This is a rare opportunity to acquire a strategically located commercial property with high visibility and strong surrounding demographics.

• CAP approach

  CAP return

  Valuation

  6%

  $1,377,132

  6.5%

  $1,271,198

  7%

  $1,180,398

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,594,610

  Geo Method

  $816,362

• Alternative Use

  Use

  Valuation

  Residential

  $1,072,303

  Hospitality

  $982,224

  Educational

  $817,199

  Medical

  $845,304

  Retail

  $1,271,198

Location Insight

City

Thornton

County

Adams

State

Colorado

Latitude

39.9145

Longitude

-104.954

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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