7575 Broadway Denver, CO 80221
- Lifestyle centers
- 6,200 SF
Current Use by Public Records
- La Perla Tapatía Mexican Restaurant / Mexican Restaurant
- Carniceria El Tarasco / Mexican Restaurant
- 5280 Sports Bar / Bar
- 52eighty Sports Bar LLC / Bar
- affw / Warehouse
Property Details for 7575 Broadway
- Year built
- 1977
- Property size
- 6,200 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 6,200 square foot retail property, located at 7575 Broadway Street in Denver, Colorado's Sherrelwood neighborhood, presents a compelling investment opportunity. Currently 100% occupied by two strong tenants with a long operating history since 2011, under a triple net (NNN) lease with five years remaining. The property boasts brand new finishes and restaurant infrastructure in the larger unit, attracting a stable income stream. Situated on a 0.55-acre lot (23,958 square feet) with ample parking (30+ spaces), this asset offers convenient access to major interstates I-25 and US Route 36. Built in 1977, the property features a P-U-D zoning designation. The asking price is $1,450,000, translating to $233.87 per square foot, with a strong net operating income (NOI) of $126,780 and an attractive 8.74% cap rate. Annual property taxes are $24,000 (2024). This is a rare opportunity to acquire a high-performing retail investment in a desirable Denver location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Adams
- State
- Colorado
- Longitude
- -104.988
- Latitude
- 39.8342
