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West Highland Retail Condos 3420 W 32nd Ave

6,797 SF 100% Leased Retail Building Denver, CO 80211 $3,750,000 ($552/SF) 5.82% Cap Rate

Investment Highlights

  • Three nationally recognized tenants: Lululemon, Pure Barre, and Skin Laundry
  • Newer construction and modern design
  • Strong residential growth, surrounded by luxury apartments, townhomes, and single family homes
  • All tenants on mid to long term NNN leases
  • Highly walkable neighborhood with a vibrant retail and dining scene
  • 12 garage parking spaces, high ceilings & flexible layouts, AC & central heating, and secure access/surveillance

Executive Summary

Kaufman Hagan Commercial Real Estate is pleased to offer 3420 W 32nd Ave in Denver for sale. The property features three newly constructed retail condos leased to Lululemon, Pure Barre, and Skin Laundry. All tenants are on mid- to long-term leases with extension options. The property is situated in the heart of the Highlands neighborhood, with a high income demographic that supports such high-end tenancy. Just 10 minutes from downtown Denver and surrounded by luxury apartments, townhomes, and single family homes, this investment presents a unique opportunity to acquire a cash flowing asset with minimal management and strong real estate fundamentals.
Property Type: Retail
County: Denver
Year Built/Renovated: 2008/2010
# of Buildings: 1
# of Stories: 1
Construction: Masonry
GBA: 6,797 SF
Lot Size: 7,057 SF
Zoning: PUD
Parking: 12 Garage Spaces
Air Conditioning: Central Air
Heating: Forced Air
Water/Sewer: Individual
Gas/Electric: Individual

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
6,797 SF
Building Class
B
Year Built
2008
Price
$3,750,000
Price Per SF
$552
Cap Rate
5.82%
NOI
$218,153
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
13’
Building FAR
0.98
Lot Size
0.16 AC
Zoning
PUD
Parking
12 Spaces (1.77 Spaces per 1,000 SF Leased)
Frontage
109 FT on 32nd Ave

Amenities

  • Security System
  • Signage
  • Wheelchair Accessible
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Lulu Lemon (Storage)
  • Retailer
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Retailer
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

They are a purpose-driven brand and their values guide them in all that they do – from their business strategy and innovation, to how they connect and build their strong culture. They create transformational products and experiences that build meaningful connections, unlocking greater possibility and wellbeing for all. They are guided by their Power of Three ×2 growth strategy and their Impact Agenda to drive business momentum and positive social and environmental change. From their roots in Vancouver, Canada, they have grown across the globe and through new channels to serve guests worldwide. From the day they opened their first store, innovation, inspiration, and community have shaped their brand and their history.

  • Pure Bar (Hallway)
  • Arts, Entertainment, and Recreation
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Arts, Entertainment, and Recreation
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Pure Barre is more than just a barre workout; it's a lifestyle. At Pure Barre, women and men share a sense of community that inspires and empowers each other's fitness and lifestyle goals. Pure Barre is the largest, most established barre franchise with many studios across North America. Pure Barre focuses on low-impact, small movements that target strength, cardio, and flexibility for people of all levels, providing clients with self-focused time to transform the body and mind. Clients can also get their Pure Barre fix anywhere, anytime with Xponential+ class streaming. Pure Barre is a part of Xponential Fitness, a leading global franchisor of health and wellness brands across a variety of verticals including pilates, barre, cycling, dance, yoga, boxing, strength training, stretching, and metabolic health. Founded in 2017, Xponential has many global locations and was formed with the mission to make boutique health and wellness accessible to everyone.

  • Skin Laundry Holdings, Inc.
  • Retailer
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Lulu Lemon (Storage) Retailer 99,999 SF $9.99 Lorem Ipsum Jan 0000
Retailer 99,999 SF $9.99 Lorem Ipsum Jan 0000
Pure Bar (Hallway) Arts, Entertainment, and Recreation 99,999 SF $9.99 Lorem Ipsum Jan 0000
Arts, Entertainment, and Recreation 99,999 SF $9.99 Lorem Ipsum Jan 0000
Skin Laundry Holdings, Inc. Retailer 99,999 SF $9.99 Lorem Ipsum Jan 0000
Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Corepower Yoga
PNC Bank
Barre 3
Orangetheory Fitness
U.S. Bank
F45
Commerce Bank
Bad Ass Coffee of Hawaii
First Bank
Natural Grocers
  • Listing ID: 33923767

  • Date on Market: 11/19/2024

  • Last Updated:

  • Address: 3420 W 32nd Ave, Denver, CO 80211

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