1151 N Colorado Ave - Fast Food FOR SALE


Brush, CO 80723
$1,742,000 USD
513-300-0763
1151 N Colorado Ave, Brush, CO for Sale
$1,742,000 USD
Fast Food - FOR SALE
1/8
null | 6.5% Cap Rate

1151 N Colorado Ave
Brush, CO 80723


HIGHLIGHTS

  • Absolute NNN lease with 14 years remaining and no landlord responsibilities.
  • 8% rental increases every five years, ensuring income growth.
  • Operated by Wenspok Companies, a strong franchisee with 67 locations.
  • Positioned on a large ±1.186-acre lot with excellent visibility and access.
  • Located near I-76 and Heartland Expressway with traffic counts of 21,752 CPD.
  • Established location operating since 2009 with a strong sales history.

OVERVIEW

This offering presents a long-term, absolute NNN leased Wendy’s property located at 1151 Colorado Avenue in Brush, Colorado. The asset is positioned on a ±1.186-acre parcel with excellent visibility and access from Heartland Expressway and Interstate 76, benefiting from traffic counts of approximately 21,752 CPD. The property is leased to Wenplatte LLC, a franchisee of Wenspok Companies, under an absolute NNN lease structure, making it a true passive investment with zero landlord responsibilities. The lease commenced in November 2019 and runs through November 2039, providing 14 years of remaining term with two additional five-year renewal options. Rental escalations of 8% occur every five years, enhancing long-term income growth. The current annual rent is $113,262, with a cap rate of 6.50%, and the next scheduled increase will further improve returns. Wenspok Companies operates over 67 Wendy’s locations across the Pacific Northwest and Midwest, including 12 locations in Colorado, Nebraska, and South Dakota. This seasoned operator brings stability and proven performance, with this location successfully operating since 2009. The property’s strategic location near major retailers, dining options, and East Morgan County Hospital, combined with its proximity to Denver (90 miles), positions it as a strong investment opportunity in a growing market.

FOR SALE DETAILS

PRICE

$1,742,000 USD

PRICE/SF

$546 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

C

APN/PARCEL ID

103735001005

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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