1316 E Evans Ave

CBRE National Retail Partners – Mountain is pleased to offer the opportunity to acquire 1316 Evans, an infill grocery shadow anchored retail property in Denver, Colorado (the “Property”). The 4,780 SF Property is 100% leased to GoodVets Services and High Ride Cycle and features NNN leases, stabilized in-place cash flow and contractual rent growth.
Located in central Denver near the University of Denver campus, 1316 Evans benefits from its infill location, synergy and cross over traffic from adjacent national retailers: Safeway and Walgreens. The trade area offers strong demographic densities with a population of over 22,000 and average household incomes of over $172,000 within a 1-mile radius, driving significant consumer traffic to the Property.
Ideally positioned at the dominant intersection of South Downing Street and East Evans Avenue, with exposure to over 48,949 vehicles per day, 1316 Evans meets all the necessary fundamentals of a viable retail destination and benefits from the premier visibility and traffic volumes. The location and strong tenancy combine to make this a very attractive offering for passive investors looking for secured cash flow with strong real estate fundamentals.
1316 Evans is being offered free and clear and on an as-is, where-is basis.