4251 104th Ave Thornton, CO 80233-4443
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.