18364 104Th Ave Commerce City, CO 80022
- Retail space
- 7,225 SF
- 0.57 lot acres
Current Use by Public Records
- Retail space
Property Details for 18364 104Th Ave
- Year built
- 2007
- Lot size
- 0.57 lot acres
- Property size
- 7,225 SF
- Property type
- Retail space
- APN
- R0165222
- APU
- R0165222
Description
This exceptional 7,225 square foot retail property, located at 18364 East 104th Avenue in Commerce City, Colorado, presents a compelling investment opportunity. Built in 2007, the property sits on a 0.57-acre lot and offers ample parking with 19 spaces. Currently leased, the property boasts a strong 5.50% capitalization rate and an asking price of $2,415,000. The lease features a corporate guarantee from Genuine Parts Co., providing significant security for investors. With 5.5 years remaining on the current lease term before option periods begin, and two years until the next rental increase, this investment offers both immediate income and long-term potential. Recent improvements totaling $500,000 have been made to the property, further enhancing its value and appeal. The current rental income is below market rates, presenting a significant opportunity for future rent growth and increased profitability. The property's prime location in Adams County, Colorado, with easy access to major transportation routes, adds to its overall desirability. This is a rare opportunity to acquire a well-maintained, high-performing retail property with a secure lease and significant upside potential. The property's strong financials, coupled with its strategic location and recent improvements, make it an ideal addition to any investment portfolio.
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
- Commerce City
- County
- Adams
- State
- Colorado
- Longitude
- -104.773
- Latitude
- 39.8852
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
