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Single-Tenant Retail Condo with NNN Lease

2900 Downing Street Unit C Denver, CO 80205

2900 Downing Street Unit C, Denver, CO, 80205
Contact for pricing
For Sale
Contact for pricing
Pending

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

Days on Market104

Property Features for 2900 Downing Street Unit C

General Information

Standard status
Pending
Property subtype
Retail
Listing agency Colliers - Los Angeles - Orange County, California
Listed by Eric Carlton · License #CA 01809955
Source Crexi
Added: Apr 10 Updated: Jul 20 at 7:48PM Checked: Jul 21 at 12:00PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Los Angeles - Orange County, California


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

Location Intelligence

Current Use by Public Records

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

(Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Butcher Carpet & Flooring Store (Bike/Boat/Book/etc) Store Florist Tanning Salon Clothing & Fashion Store (Bike/Boat/Book/etc) Store Pet Grooming Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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
Contact an agent
(949) 724-5561 Call to check price and availability
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