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5 S 1st Ave
11,000 SF 50% Leased Retail Building Brighton, CO 80601 $1,200,000 ($109/SF)
Investment Highlights
- - Investment property with upside vacant space (industrial/retail)
- - 3% annual bumps
- - Recession proof tenant just renewed lease for another 5 years
- - Empty space and signage have visibility to highway and exit into Brighton
Executive Summary
Two tenant building of 11,000 SF with a single vacancy in walk-out basement consisting of about 5,500 SF. The vacant space has a roll up door and is perfect for tenancy or storage (including car storage). Sales price is based on new 5 year lease from main floor tenant. This is a "no-hassle" single tenant investment.
Tenant completed initial 7 year term, renewed for an additional 5 years starting 8/2024 and has an option for another 5 years starting 8/2029. 3% bumps annually! Medical use, strong tenant with guaranteed repeat business. Call Ray for additional information 720.209.5546.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$80,870
|
$7.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$80,870
|
$7.35
|
| Taxes |
$40,060
|
$3.64
|
| Operating Expenses |
$18,250
|
$1.66
|
| Total Expenses |
$58,310
|
$5.30
|
| Net Operating Income |
$22,560
|
$2.05
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $80,870 |
| Annual Per SF | $7.35 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $80,870 |
| Annual Per SF | $7.35 |
| Taxes | |
|---|---|
| Annual | $40,060 |
| Annual Per SF | $3.64 |
| Operating Expenses | |
|---|---|
| Annual | $18,250 |
| Annual Per SF | $1.66 |
| Total Expenses | |
|---|---|
| Annual | $58,310 |
| Annual Per SF | $5.30 |
| Net Operating Income | |
|---|---|
| Annual | $22,560 |
| Annual Per SF | $2.05 |
Property Facts
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- 5,600 SF
- $14.44
- Triple Net
- Jul 2029
BayMark Health Services is North America’s largest provider of medication-assisted treatment (MAT) for substance use disorders helping tens of thousands of individuals on their path to recovery every day. With a vision to restore health, strengthen families and enhance communities, BayMark Health Services is committed to meeting each patient’s unique needs for as long as they need them, whether they seek outpatient, office-based, inpatient, residential or any combination of treatments. When patients connect with a BayMark health provider, they are accessing their highly regarded expertise and a broad array of treatment options, which distinguishes them across the country. BayMark has experienced significant growth since 2016 with the merging of many well-respected treatment centers, and the acquisition and development of new substance use treatment centers.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 5,600 SF | $14.44 | Triple Net | Jul 2029 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- Vacant 5500 SF space with drive in door - High visibility to highway and circular drive exit into Brighton - Over 40K daily with visibility to building signage - Tenant improvement allowance available
| Space | Size | Space Use | Position | Available |
| Lower Level | 5,500 SF | Retail | - | Now |
Lower Level
| Size |
| 5,500 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Lower Level
| Size | 5,500 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
- Vacant 5500 SF space with drive in door - High visibility to highway and circular drive exit into Brighton - Over 40K daily with visibility to building signage - Tenant improvement allowance available
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R0003881 | Total Assessment | $383,260 (2023) |
| Land Assessment | $23,720 (2023) | Annual Taxes | $40,060 ($3.64/SF) |
| Improvements Assessment | $359,540 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Presented by
5 S 1st Ave
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