Premier Location on Boulder Hill 1262-1264 College Ave

1262-1264 College Ave , Boulder, Colorado, 80302 | 9,301 sq.f | $ 7,000,000

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About This Restaurant

Investment Highlights

Generational Asset near the University of Colorado at Boulder Campus Proven Occupancy, Leasing Momentum and Recent Capital Improvements Investment Grade and Student-Focused Tenant Mix with Attractive Net Lease Structures

Executive Summary

CBRE National Retail Partners ? Mountain is pleased to exclusively offer the rare opportunity to acquire Boulder?s University Hill ? 13th & College (the ?Property?), a truly generational investment opportunity located on The Hill in Boulder, CO. The Property encompasses 9,301-square feet that is currently 100% NNN leased and situated on an irreplaceable parcel of land just steps away from the University of Colorado at Boulder campus and its 36,780 students.Boulder?s University Hill ? 13th & College is positioned at a hard-corner intersection along College Avenue, a heavily-trafficked pedestrian thoroughfare that provides connectivity between substantial student housing, the University Hill commercial district, andthe College & Broadway Underpass, one of the primary pedestrian entrances to the CU-Boulder campus. Additionally, the Property commands the highest elevation of all commercial properties located on University Hill.Boulder?s University Hill ? 13th & College is being offered free and clear on an as-is, where-is basis.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Restaurant
  • Building Size    9,301
  • Building Class    C
  • Year Built/Renovated    1950/2012
  • Price    7,000,000
  • Price Per SF    753
  • Cap Rate    4.43
  • NOI    310,119
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    2 Stories
  • Building FAR    1.02
  • Land Acres    0.21 AC

Nearby Amenities & Transportation

Retail Chase Bank
Retail Starbucks
Retail Corepower Yoga
Retail Crossfit
Retail Rio Grande Mexican Restaurant
Retail Wells Fargo Home Mortgage
Retail Panda Express
Retail Le Peep
Retail Vitality Bowls
Retail Sprouts Farmers Market

Property Taxes

Parcel Number 1463313-05-001 Improvements Assessment $564,026
Land Assessment $651,326 Total Assessment $1,215,352
Date Created: 2024-07-16 04:09:26 Last Updated: 2024-07-16 04:09:26
Address: 1262-1264 College Ave , Boulder, Colorado, 80302