2344 E. Colfax Avenue, Denver, CO, 80206
2344 E. Colfax Avenue
Denver, CO 80206
Highlights
- Great long-term development hold.
- High traffic corner - Over 30,000 vehicles per day.
- Adjacent to East High School & Denver Community Center.
- Potential redevelopment later on - 8 story zoning.
Description
Unique Properties, Inc is pleased to offer to qualified investors, the opportunity to acquire a two-tenant building leased to Subway and Phone Repair and More (PRAM). Subway will execute a new 10 year lease at close and PRAM’s lease expires in May of 2028. Subway’s lease will be absolute NNN, and PRAM currently reimburses for Taxes, Insurance, CAM (Defined in lease abstract) making this investment virtually “hands off”. The Property is located in Denver, Colorado which is the state capital of Colorado. The building is situated on the hard corner of East Colfax and Josephine Street which are two major arterial streets in this part of Denver. The Property is in close proximity to East High School, City Park, Cherry Creek, and Down-town Denver. This area of Denver has experienced tremendous growth as the population has increased by 27.26% since 2010 and is expected to grow another 9.61% over the next 5 years.
2344 E. Colfax is located on the hard corner of Josephine Street and Colfax Avenue. The property is catty-corner to Denver East High School and it is a short walk from City Park.
