Building Details

Tenancy Single

Listing Agency: Colliers - Los Angeles - Orange County, California Show Phone

Listed By: Eric Carlton · License #CA 01809955

Source: Crexi

Added: Apr 10 Changed: Aug 14 Last Checked: Aug 21 at 8:40AM

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Investment Insights

Based on property information with market context.

This offering is a single-tenant retail condo leased on an absolute NNN basis and currently occupied by DaVita Dialysis on the ground floor of a condominium development. The tenant has occupied the space since 2005 under an original 10-year lease, with the first of two 5-year options exercised in 2015 to extend the current term into 2020. Through the remainder of the current term, the lease provides 3% annual rent bumps. If the tenant elects to extend for an additional 5 years, the rent is set to adjust to 90% of FMV.

The property is located in Downtown Denver, less than 2 miles east of Coors Field and less than 2 miles west of City Park and the Denver Zoo. The remarks indicate the site is situated on a hard corner at a busy intersection and is surrounded primarily by single-family homes.

The provided materials cite supporting demographics of 431,987 residents within a 5-mile radius and an average household income of $83,216 within a 5-mile radius. The parent company, DaVita Inc. (NYSE: DVA), is described in the remarks as a Fortune 500 company headquartered in Denver.

Key Highlights

• Single‑tenant ground‑floor retail condo leased to DaVita Dialysis under an absolute NNN structure
• Tenant in place since 2005 on an original 10‑year lease, with first 5‑year option exercised in 2015 extending to 2020
• Remaining lease includes 3% annual rent bumps

Property Analytics

Current Use

Creative Strategies for Change Training Center DaVita Denver Dialysis ... Medical Clinic Denver unit Medical Clinic Progress Building Construction Company Photosynthesis Creative Studio Photography Service

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Carpet & Flooring Store Florist Tanning Salon Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

2,219

Businesses Nearby

15k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar Tree Shops & Services

12,638 visits/mo 0.5 miles

U.S. Bank Shops & Services

2,474 visits/mo 0.4 miles

Demographics for 80205, CO

34,967

Population

19,040

Households

1.8

Avg Household Size

34

Median Age

61%

College-Educated

94%

High-School Grad

4.6 sq mi

ZIP Area

7,602

Density / Sq Mi

$98,770

Median Household Income

$69,760

Median Earnings

$1,816

Median Rent

$627,600

Median Home Value

Market

Vacancy Rate% for Retail in Denver, CO

6.7% 2019

7.4% 2020

6.5% 2021

5.4% 2022

5.2% 2023

4.8% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - Ground-floor retail condo occupied by DaVita Dialysis under an absolute NNN structure with contractual 3% annual rent bumps.

Where is this nnn property located?

The property is located at 2900 Downing Street Unit C Denver, CO.

What are key features of this property?

This property features: Single‑tenant ground‑floor retail condo leased to DaVita Dialysis under an absolute NNN structure; Tenant in place since 2005 on an original 10‑year lease, with first 5‑year option exercised in 2015 extending to 2020; Remaining lease includes 3% annual rent bumps