Denver Retail Investment
4565 E Colfax Avenue Denver, CO 80220
4565 E Colfax Avenue, Denver, CO, 80220
Contact for pricing
NNN leased AutoZone and Stoner’s Pizza Joint for sale.
Property Size9,467 SF
Price / SF$308.76
AddedMay 26
Days on Market51
Last RefreshMay 27 at 8:26 am
Property Features for 4565 E Colfax Avenue
General Information
- Standard status
- Active
- Size
- 9,467 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1968
Listing office SRS Real Estate Partners Newport Beach
Listing date May 26, 2026
Source Crexi
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This property in Denver features an absolute NNN leased AutoZone and a NNN leased Stoner’s Pizza Joint. The property has a weighted average lease term remaining of more than 9 years. Both leases include scheduled rental increases throughout the initial terms and option periods. The AutoZone lease is structured as absolute NNN with zero landlord responsibilities, while the Stoner’s Pizza Joint lease is NNN. AutoZone operates more than 7,700 locations throughout the U.S., Mexico, and Brazil. Stoner’s Pizza Joint has over 60 locations nationwide. The property is located along East Colfax Avenue, with traffic counts exceeding 30,000 vehicles per day. The site is approximately two miles from Downtown Denver, within a retail corridor surrounded by national tenants, including Trader Joe’s, Sprouts Farmers Market, Chick-fil-A, Starbucks, Taco Bell, and Anytime Fitness. The surrounding trade area is supported by a population exceeding 519,600 residents and more than 401,000 employees within a five-mile radius, along with an average household income of approximately $171,990 within one mile. East Colfax Avenue serves as one of the primary transportation and commercial corridors throughout the Denver metropolitan area, supporting more than 24,000 riders each weekday. The property is positioned within the Urban Redevelopment Plan (URP) area. As of May 2026, infrastructure improvements are underway along the corridor, including the development of a new bus rapid transit (BRT) line.
Key Highlights
- High‑traffic location on East Colfax Avenue with excellent visibility and over 30,000 vehicles per day.
- Long‑term, stable income with a weighted average lease term (WALT) of over 9 years remaining.
- Located in a dense, affluent area with a population exceeding 519,600. The average household income is approximately $171,990 within one mile.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $194.3k | $20.52 |
| − Vacancy | −$9.1k | −$0.96 |
| EGI | $185.1k | $19.56 |
| − OpEx | −$46.3k | −$4.89 |
| NOI | $138.8k | $14.67 |
9,467 SF · lease $20.52/SF/yr · vacancy 4.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.98M
$1.74M – $2.31M
NOI $138,849 @ 7.0% cap · market cap 4.75%
Second Best
Retail
$1.85M
$1.62M – $2.16M
NOI $129,593 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$3.01M
$2.64M – $3.52M
NOI $210,958 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Wing Street
Restaurant
Pizza Hut
Restaurant
Stoner's Pizza Joint
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - NNN leased AutoZone and Stoner’s Pizza Joint for sale.
Where is this nnn property located?
The property is located at 4565 E Colfax Avenue Denver, CO.
What is the asking price?
The asking price for this property is $2,923,000.
What are key features of this property?
This property features: High‑traffic location on East Colfax Avenue with excellent visibility and over 30,000 vehicles per day.; Long‑term, stable income with a weighted average lease term (WALT) of over 9 years remaining.; Located in a dense, affluent area with a population exceeding 519,600. The average household income is approximately $171,990 within one mile.
