Sale

6777 E Hampden Avenue

Location

Denver, CO 80224

Availability

Immediate

Type

Retail

Space

5,011 sq. ft. 0.48 Acres / 21,005 SF

Floor

1, 2, 3

Rate

$1,923,500

Features

  • Built / Renovated: 1979 / 2011
  • Signage: Pylon sign on E Hampden
  • Zoning: S-MX-2
  • Ground Lease: Property on Ground Lease through Oct 2057. No rent due until Nov 2027 then $12,500/year
  • Layout: 8 exam rooms, 4 offices, surgery suite, dentistry suite, radiology, treatment area, lab, kennel room, reception & waiting room, staff lounge, men’s, women’s, and ADA restrooms

INVESTMENT HIGHLIGHTS:

  • Fully leased by Midwest Veterinary Partners through September 30, 2031
  • Current Rent of $26.87/SF NNN
  • 2% annual rent escalations
  • Tenant right to renew for 5 years at 2% rent escalations 
  • Current NOI = $134,640
  • Sale Price = $1,923,500
  • Going-in Cap Rate of 7.0%