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Denver Gym & Fitness 4251 E 104th Ave

6,600 SF Retail Building Thornton, CO 80233 $1,850,000 ($280/SF)

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Investment Highlights

Property originally constructed as a Starbucks - anchored four unit property with drive-thru
Neighboring properties are national retailers
Excellent street exposure

Potential upside in demising property into smaller units and utilizing drive-thru
Tenant willing to execute new 10yr lease with new owner at 6% Cap Rate on list price
2007 construction

Executive Summary

NorthPeak Commercial Real Estate is pleased to present for sale 4251 E 104th Avenue, a single tenant, net leased retail building in Thornton, Colorado. The building was originally constructed as a Starbucks anchored strip center with four units and a drive-thru, but today is 100% occupied by a gym on an expiring lease. The expiring lease affords a new owner several options, including executing a new 10-year agreement or demising the property back into its original configuration and capturing higher rents.

4251 E 104th Ave - OM