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6441 Colfax Avenue - JCRS Shopping Center II, Denver, CO

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6441 Colfax Avenue - JCRS Shopping Center II

Denver, CO 80214 - West Ret Submarket

Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:1985
Building Size:2,941 SF Land Area:.59 AC (25,700 SF)
For Sale Price:$918,000 Price/SF:$312.14
Cap Rate:-
Parking:Free Surface spaces are available
Features:Dedicated Turn Lane, Pylon Sign, Drive Thru

Sale Notes:
Marcus & Millichap has been selected to exclusively market a single tenant net-leased Arby' s in Lakewood, Colorado.

Arby' s occupies the property under a 7 year absolute triple net (NNN) ground lease with three (3) five-year options. The tenant is responsible all expenses including for roof and structure.

The 2,963 square foot property was built in 1985, renovated in 1999 and received a new roof in 2011. This is a well established location where the tenant has been operating at the site since 1985 (current operator since 2013).
Arby' s is operated under US Beef Corp. There are more than 320 locations throughout the United States. As the largest Arby' s franchisee, US Beef Corp plays a vital leadership role for the entire Arby' s system, with senior management serving on various boards and committees that assist in setting policies for the franchisor.

The subject property is located on an outparcel to the JCRS and JCRS II Shopping Centers, which are comprised of 316,896 square foot retail on Colfax Avenue between Pierce Street and Kendall Street. The JCRS Shopping Center is best known for being home to Casa Bonita, a Denver landmark Restaurant which first opened in 1974 and seats over 1,000 people at a time. Other outparcels in the center include Key Bank and Burger King.

Marcus & Millichap Inc
Drew Isaac
(303) 328-2048

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