This restaurant investment real estate for sale is offered at an 8.5% cap rate. The highly visible free-standing restaurant building is located just west of Havana Street on Arapahoe Road in Centennial, Colorado. The immediate trade area has high income demographics, 120,000 employees within three miles and high traffic counts (66,060 cars/day on Arapahoe Rd.). The restaurant building has masonry/brick exterior walls, metal awnings, a drive-through, and an outdoor patio. Site improvements include a paved parking lot (41 spaces) with pole-mounted lights and one monument business sign. A franchisee of Dickey’s BBQ has been the tenant since 2002. Current rent is $26 PSF, NNN with three percentage annual increases through 2018. Landlord is responsible for structural elements, roof (new in 2013), sidewalk, parking lot (tenant is responsible for seal coat and striping) and curbs. This property is listed by Shawn Sanborn.
- Location: Denver / Boulder Metro
- Price: 1,261,835.00
- Status: Sold/Leased
- Reference Number: 10105
Facilities
- Square Footage (Building): 4,125
- Square Footage (Land): 36,155
- Grease Trap: y
- Hood: Yes
- Liquor License: Hotel & Restaurant
- Furniture, Fixtures & Equipment: Tenant owned
- Year Built: 1997
- Zoning: MU-PUD, City of Centennial
Financials
- Net Operating Income: $107,250.00
- Established: 2002 Current Tenant
