Description

We are offering 51 North Broadway in Denver, Colorado, for $2,520,000. The 9,303 square foot retail building, including the basement, is occupied on a NNN lease by Crossroads Trading Company, a national retailer founded in 1991 with 37 locations.

The corporately guaranteed lease runs through June 30, 2032, with a five-year option. Net operating income is about $164,129, a 6.51 percent cap rate at the asking price.

The building was built in 1913 and has updated HVAC, a healthy roof and updated interiors and systems. It sits on a high-visibility 0.24-acre corner lot with large display windows and onsite parking.

The property is in the heart of the Baker neighborhood on the Broadway retail corridor, which carries about 22,000 vehicles per day and is surrounded by dense apartments, restaurants and shops. Contact Corey Sandberg, Keith Lenz or Dallas Sandberg of Pinnacle Real Estate Advisors for the offering memorandum.