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Former Walgreens 5151 W Colfax Ave
13,568 SF of Retail Space Available in Denver, CO 80204
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 13,568 SF | Nov 2035 | $12.75 /SF/YR $1.06 /SF/MO $137.24 /m²/YR $11.44 /m²/MO $14,416 /MO $172,992 /YR | Modified Gross |
1st Floor
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 5151 W Colfax Ave , Denver, CO 80204
| Property Type | Retail | Year Built | 2006 |
| Property Subtype | Drug Store | Parking Ratio | 4.27/1,000 SF |
| Gross Leasable Area | 13,568 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 13,568 SF |
| Year Built | 2006 |
| Parking Ratio | 4.27/1,000 SF |
About the Property
PROPERTY OVERVIEW - Rent. $175,000/yr, Modified Gross (inclusive of RET; R&M, insurance, utilities are subT expenses) - Master Lease Expiration. 11/30/35 - Walgreens Premises. ±13,650 SF + drive thru - Signage. Building + dedicated pylon - Intersection. NEC of W Colfax and Sheridan Blvd (~60K VPD) - Access. RI/RO on W Colfax Ave and on Sheridan Blvd - Parking. ~58 spaces - Year Built. 2006 – HVACs replaced in ’20 - Parcel. 1.21 AC - Zoning. C-MS-8, City of Denver – PERMITTED USES (see Section 7.4.4 of Urban Center Download Link) - Prohibited Uses. Pharmacy LOCATION OVERVIEW - Just west of downtown Denver - Dense population (86K w/in 2 mi) + high income area (AVG HH Inc ~$107K) - High traffic area (~34K VPD on Sheridan Blvd; ~25K VPD on Colfax) - High visibility and easily accessible SUBLEASE TERMS* - SUGGESTED RENT $175,000/yr (inclusive of RET; R&M, insurance, utilities are subT expenses) - TERM 11/30/35 (Co-terminus with master lease) - DELIVERY “As-Is” - OFFERS EVALUATED AS RECEIVED *Price + terms, along with all offers, are subject to approval of Walgreen Co.’s Real Estate Committee
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
-
Power Broker Mark Hollenbeck -
Retail Net Real Estate, LLC
Presented by
Former Walgreens | 5151 W Colfax Ave
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