Current Use by Public Records
- Pure Barre / Gym & Fitness Center
- lululemon / (Bike/Boat/Book/etc) Store
- Skin Laundry - Denver Highlands / Medical Clinic / Skin Care Clinic
Property Details for 3420 32Nd Ave
- Year built
- 2008
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional Denver retail investment opportunity presents three newly constructed, single-story retail condos totaling 6,797 square feet, situated on a 7,057 square foot lot. The property boasts 100% occupancy with three nationally recognized tenants: lululemon, Pure Barre, and Skin Laundry, all operating under long-term, triple-net (NNN) leases. Built in 2008 and renovated in 2010, the property features a modern design with central air conditioning and forced-air heating. Twelve parking spaces are available for tenants and patrons. The property is zoned PUD and benefits from a prime location in Denver's Highlands neighborhood, a highly walkable area with a thriving retail and dining scene. Surrounded by luxury apartments, townhomes, and single-family homes, this investment offers a strong, cash-flowing asset with minimal management requirements. The asking price is $3,750,000, representing a 5.82% cap rate and a pro-forma cap rate of 5.89%. The property's strong tenant mix, desirable location, and solid financial performance make it an attractive investment opportunity. The Net Operating Income (NOI) is $218,153. Individual gas and electric meters, as well as individual water and sewer services, are in place. The property offers dedicated signage opportunities, high ceilings, and flexible layouts. Secure access and surveillance systems enhance the property's security.
Value Estimations
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AI approach
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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
- Denver
- State
- Colorado
- Longitude
- -105.033
- Latitude
- 39.7621
