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High-Traffic FSR Near West Denver Job Centers 11903 W 6th Avenue Frontage Rd

4,904 SF Vacant Retail Building Online Auction Sale Lakewood, CO 80401

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Virtual Tour

Investment Highlights

  • This offer includes a vacant freestanding full-service restaurant, allowing users and investors to seize a high-traffic location in West Denver.
  • Just off 6th Ave Freeway (120,000 VPD) and less than five minutes from the Denver Federal Center, a massive complex with over 6,200 GSA employees.
  • Desirable features include 60 parking spaces, a 130-seat dining area, a full bar, two commercial hoods, and a large pass-through service window.
  • Supported by a growing 5-mile population of more than 254,000, daytime employment of over 140,000, and 2023 consumer spending of more than $3.5B.

Executive Summary

Colorado Partners Realty Group is pleased to exclusively present the opportunity to acquire the fee simple interest in 11903 W 6th Avenue Frontage Road, a freestanding full-service restaurant in a prime location in the Lakewood suburb of West Denver, Colorado.

Originally built in 1997, the 4,904-square-foot property sits on a 1.42-acre landscaped pad with old-growth trees and abundant parking. Desirable features make the space ideal for a new restaurant venture, including a large bar, a 130-seat dining area, a 28-foot and 4-foot commercial hood, and an oversized pass-through kitchen to dining room window. Delivered vacant, the property presents an excellent opportunity for a new user to quickly begin operating out of the space. A value-add investor can also lease the property to capture elevated rents, with annual rent growth in the submarket of 2%.

11903 W 6th Avenue Frontage Road enjoys dual highway frontage, strategically placed just off the 6th Avenue Freeway, a vital commuter corridor that connects West Denver to the heart of downtown in just 20 minutes. More than 120,000 vehicles travel on this major arterial daily, with an additional ±33,000 daily vehicles visible from Simms Street. The Regional Transportation District's Light Rail W Line also runs through the area, providing public transit options and easy access to Denver's Union Station.

11903 W 6th Avenue Frontage Road’s exceptional location places the restaurant near the area’s largest demand and traffic drivers. Just one mile away is St. Anthony Hospital, a critical medical complex with numerous surrounding healthcare providers. The extensive medical network delivers a significant, built-in audience for a new restaurant. Additionally, the Denver Federal Center, a sprawling complex with over 6,200 employees of various government agencies occupying over 4,000,000 square feet is reachable in approximately 5 minutes. This massive population of affluent workers has developed the surrounding area into a thriving retail hub, lending strength to businesses at the property. The nearby Colorado Mills outlet mall is one of the region’s top shopping destinations, with over 180 stores and 12 anchor locations, including Target, Nike, Burlington, Dick’s Sporting Goods, and an IMAX Theatre.

West Denver features extensive retail, cultural, and recreational hot spots that attract both Denverites and visitors from surrounding areas. The Belmar area is a vibrant reinvention of downtown Lakewood that spans 22 city blocks with restaurants, art galleries, and clothing and specialty stores. This area along the West Colfax Corridor is home to 40 West Arts, with over 20 public art installations and multiple performing arts venues.

Retailers are attracted to the area's favorable demographics and explosive growth, supported by proximity to many of Denver's most desirable neighborhoods. Within five miles, a growing population of more than 254,000 supports local businesses. Residents are well-educated, with 41% carrying a bachelor’s degree or higher. This has resulted in daytime employment of more than 140,000 and an average household income exceeding $103,000. These avid shoppers contributed over $3.5 billion in consumer spending during 2023.

Data Room Click Here to Access

Market Analytics Click Here to Access

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Market Sale Price per SF

Denver - CO USA

Market Cap Rate

Denver - CO USA

Market Sale Price per SF by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Cap Rate by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Sale Price per SF Distribution

Market Cap Rate Distribution

Property Facts

Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,904 SF
Building Class
B
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Land Acres
1.42 AC
Zoning
M-G-S (City of Lakewood) - M G S Mixed Use-General-Suburban
Parking
60 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
379 FT on Cr-19 Hwy

Amenities

  • Corner Lot
  • Freeway Visibility
  • Wheelchair Accessible
  • Monument Signage
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 4,904 SF
  • Retail
  • Outparcel
  • Now
Space Size Space Use Position Available
1st Floor 4,904 SF Retail Outparcel Now

1st Floor

Size
4,904 SF
Space Use
Retail
Position
Outparcel
Available
Now

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2024 Population
11,666
91,472
254,981
2020 Population
10,936
91,620
254,002
2029 Population
11,716
90,726
253,815
2024-2029 Projected Population Growth
0.4%
-0.8%
-0.5%
Daytime Employees
17,309
70,684
140,790
Total Businesses
1,915
7,645
16,661
Average Household Income
$83,441
$105,098
$103,590
Median Household Income
$66,494
$82,997
$80,442
Total Consumer Spending
$163.3M
$1.4B
$3.8B
Median Age
36.4
40.4
39.4
2024 Households
5,590
39,268
107,885
Percent College Degree or Above
30%
27%
25%
Average Home Value
$458,351
$603,984
$583,873

Nearby Major Retailers

Moe's Original BBQ
Noodles & Company
Denny's
Dutch Bros
Le Peep
Tokyo Joe's
Old Chicago Pizza
Jason's Deli
Bell Bank
FirstBank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
49-054-13-104
Land Assessment
$319,228
Improvements Assessment
$63,671
Total Assessment
$382,899

About the Auction Platform

Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More

Auction Contact

Jameson Kuykendall
Auctioneer License: Ten-X Arlene Richardson RE Brkr EC.100067651
  • Listing ID: 28602003

  • Date on Market: 10/17/2024

  • Last Updated:

  • Address: 11903 W 6th Avenue Frontage Rd, Lakewood, CO 80401

Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount Transaction Fee
$0m to < $1m 5.00% ($20,000 min)
$1m to < $3m 3.00%
$3m to < $5m 2.50%
$5m to < $10m 2.25%
$10m to < $15m 2.00%
$15m to < $25m 1.75%
$25m to < $35m 1.50%
$35M to < $45M 1.00%
$45M to < $55M 0.75%
$55M and Up 0.50%
Example Calculation
Winning Bid Amount $4,000,000 Transaction Fee $100,000 (2.5%) Total Purchase Price $4,100,000

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