10319 Tower Rd - Fast Food FOR SALE


Commerce City, CO 80022
$2,621,000 USD
720-295-4353
10319 Tower Rd, Commerce City, CO for Sale
$2,621,000 USD
Fast Food - FOR SALE
1/20
null | 5.9% Cap Rate

10319 Tower Rd
Commerce City, CO 80022


HIGHLIGHTS

  • Long-Term Absolute NNN lease with 10 years remaining
  • Positioned off E-470 beltway exit 31, connecting highway to Denver International Airport
  • Northbound travelers along Tower Road able to turn left into subject property
  • Average Household Income exceeding $144,279 within a two-mile radius
  • Proven above average sales performance (please reach out for details)

OVERVIEW

Lee & Associates is pleased to exclusively market for sale a single tenant, net-leased, SONIC Drive-In located at 10319 Tower Road in Commerce City, CO. The previous Operators, Rubyhill Denver LLC, have developed and operated 34 Sonic properties throughout the Denver, CO and Richmond, VA metro areas. The lease runs through April of 2036 and is absolute triple net, featuring no landlord responsibilities. The lease features 1% annual rent escalations throughout the primary term and three 5-year renewal options. The 1,658 square-foot building sits on 1.01 AC and is located at the signalized intersection of Tower Rd and E 104th Ave, which experiences 22,000 vehicles per day. The property is less than one mile from E-470 and less than 10 minutes from Denver International Airport. Neighboring stores include Starbucks, Del Taco, Subway, Philips 66, and NAPA Autoparts. This investment provides investors with a rare opportunity to acquire a long-term single-tenant asset that combines proven sales performance with desirable real estate fundamentals in the booming Denver metropolitan area. Lease Commencement Date: 11/1/2015 Lease Expiration Date: 4/30/2036 Renewal Options: Three 5-Year Options Rent Escalation: 1% Annually During Primary Term and Options Lease Type: Absolute NNN Tenant: Sonic Drive-In Year Built: 2006 Building Size: 1,658 SF Land Size: 1.00 Acre

FOR SALE DETAILS

PRICE

$2,621,000 USD

PRICE/SF

$1,581 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SONIC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

C

APN/PARCEL ID

1723-16-1-21-009

ASK ABOUT THIS PROPERTY

Matthew NoraLee & Associates | DenverMore Info
720-295-4353

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Matthew NoraLee & Associates | DenverMore Info
720-295-4353

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.