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    2901 Larimer St Denver, CO 80205

    For Sale
    $6,667,000

    Prime Denver Restaurant, NNN Lease

    Property size:
    10,766 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a single-tenant, 10,766 square foot restaurant located in Denver's vibrant RiNo neighborhood. The property, built in 2021, boasts a strong 100% occupancy rate with Federales as the tenant under a Net Lease (NNN) agreement. The lease commenced August 10, 2021, and has a remaining term of approximately 13.8 years, extending to August 30, 2038, with two five-year options. Rent increases are structured with a 10% bump every five years of the initial term and a 2% annual increase during each option period. The property features a desirable location on Larimer Street, encompassing 0.287 acres and operating under the permitted zoning of Underlying I-MX-3, Industrial Mixed-Use with overlay DO-7, River North. The asking price is $6,667,000, representing a price per square foot of $619.26 and a 6.00% cap rate, with a current Net Operating Income (NOI) of $400,000. This is a rare opportunity to acquire a high-performing, long-term net lease asset in a rapidly growing Denver market. The property's address is 2901 Larimer St, Denver, CO 80205. APN: 02275-13-051-000.

    Property Features for 2901 Larimer St

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,766 SF
    Lot Size
    12,502 SF

    Building Details

    Year Built
    2021
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Prime RiNo Denver location with strong market demand.
    • Three locations generating substantial sales volume.
    • Exceptional sales‑to‑expense ratio.
    • Secure, long‑term 15‑year lease in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Federales Denver Mexican Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.9816923
    Latitude
    39.7616607

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    FAQs

    What type of property is this?
    Individual retail property - Prime Denver Restaurant, NNN Lease
    Where is this individual retail property located?
    The property is located at 2901 Larimer St Denver, CO.
    What is the asking price?
    The asking price for this property is $6,667,000.
    What are key features of this property?
    This property features: Prime RiNo Denver location with strong market demand.; Three locations generating substantial sales volume.; Exceptional sales-to-expense ratio.
    Request Owner's contact information
    2901 Larimer St Denver, CO 80205
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2901 Larimer St Denver, CO 80205
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