High-Visibility Retail/Warehouse: 188K+ VPD

Property Highlights:

• 16,751 SF Freestanding Retail, Flex,Warehouse/Distribution Building (Former Tool Zone) on a 1.3 AC Parcel Offered at a Substantial Discount Below Replacement Cost
• Significant Value-Add Opportunity  via Strategic Lomg Term-Lease Up At Market Rates, Repositioning  or Adaptive Reuse
• Strategic Location Within Denver MSA; Prime Outparcel to a High Performing American Furniture Warehouse & Carpet Exchange with Prime Visibility to I-25 (188,776k VPD)

Offering Summary:

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a vacant freestanding, second-generation retail/flex building located at 8651 Grant Street in Denver, Colorado 80229. This American Furniture outparcel, formerly occupied by Tool Zone, is being offered significantly below replacement cost creating an exceptional opportunity for owner-users or investors to acquire a highly visible, strategically located asset in a prime Denver location at a substantial discount.

Originally constructed in 2002, the 16,751 square foot two-story, free-standing retail/flex building with heavy power is situated on a 1.06 acre lot (46,174 SF). The property offers abundant surface parking, with a total of 36 spaces. The building was previously configured for a tool store featuring a retail showroom, distribution warehouse space and 2nd floor offices. Positioned as an outparcel to the top ranked American Furniture Warehouse with over 457K Visits per year, the site offers +- 160 feet of frontage visibility along I-25, with outstanding freeway accessibility, highway pylon signage and exposure to 189,000 vehicles per day (VPD). The existing flex retail infrastructure makes the property well-suited for retail reuse, retail repositioning, or redevelopment. The property presents a compelling value/add or owner/user opportunity through re-tenanting at long-term market rates (CoStar estimated rents: +- $25.62/SF NNN). The property is located in planned Development Zoning with multiple uses that include retail, office, industrial including manufacturing, among others offering significant operational flexibility.

The property is strategically located in Thornton, Colorado, which is a mere 9 miles from Downtown Denver and  10 miles to Broomfield. Positioned 1 block from I-25 (188,000+ VPD), this site offers seamless regional connectivity to Denver and Broomfield. The property is located right next door to American Furniture Warehouse and  less than 2 miles from major retailers, including Walmart, King Soopers, Sams Club, Safeway. The 1-mile area supports +/- 20,000 people with an average household income (AHH) of +/- $72,000 and over 147,000 residents with an average household income (AHH) of +/- $82,000.