4251 104th Ave Thornton, CO 80233-4443
- Retail space
- 6,600 SF
- 1.11 lot acres
May 13, 2025
Current Use by Public Records
- Retail space
Property Details for 4251 104th Ave
- Year built
- 2007
- Lot size
- 1.11 lot acres
- Property size
- 6,600 SF
- Property type
- Retail space
- APN
- R0173581
- APU
- R0173581
Description
This exceptional 6,600 square foot retail storefront, located at 4251 E 104th Ave in Thornton, Colorado (zip code 80233), presents a compelling investment opportunity. Built in 2007 on a one-acre lot, this property boasts excellent street visibility and is currently 100% occupied by a single tenant under an expiring lease. Originally designed as a four-unit strip center anchored by Starbucks, including a drive-thru, the property offers significant flexibility for the new owner. The existing tenant is open to negotiating a new 10-year lease at a 6% capitalization rate based on the asking price of $1,850,000. Alternatively, the property can be subdivided back into its original four-unit configuration, potentially increasing rental income by leveraging the existing drive-thru and the presence of neighboring national retailers. This Adams County location offers strong growth potential and presents a unique chance to capitalize on either a long-term lease or a repositioning strategy. The property's 2007 construction ensures relatively modern amenities.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Thornton
- County
- Adams
- State
- Colorado
- Longitude
- -104.938
- Latitude
- 39.8855
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
