Single-Tenant Retail Condo with NNN
2900 Downing Street Unit C Denver, CO 80205
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 Market111
Property Features for 2900 Downing Street Unit C
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Colliers - Los Angeles - Orange County, California
(949) 724-5561
Listed By:
Eric Carlton · License #CA 01809955
Source:
Crexi
Added: Apr 10
Changed: Jul 20
Last Checked: Jul 28 at 5:54PM
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.
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
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
