15 Springer Dr - Restaurant FOR SALE


Highlands Ranch, CO 80129- Highlands Ranch-Lone Tree
$4,795,000 USD
480-221-4221
15 Springer Dr, Highlands Ranch, CO for Sale
$4,795,000 USD
Restaurant - FOR SALE
1/10
null | 5.75% Cap Rate

15 Springer Dr
Highlands Ranch, CO 80129
Highlands Ranch-Lone Tree


HIGHLIGHTS

  • Over 18 Years Remaining | Rare Annual Increases |Options to Extend | Franchisee Guaranteed by Cerca Trova
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Located Along Major Thoroughfare | Immediate Interstate Access | Denver-Aurora-Lakewood MSA
  • Outparcel to AMC Theatre & Main Event Anchored Center |Primary Retail Corridor
  • Strong Demographics In 5-mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Outback Steakhouse investment property located in Highlands Ranch, CO. The tenant ,Outback Steakhouse has over 18 years remaining on the initial lease with 3 (5-year) option periods to extend, demonstrating a long term commitment to the site. The lease features rare 2% annual rental increases throughout the initial term, generating healthy NOI growth. The lease is franchisee guaranteed by Cerca Trova, an experienced Outback Steakhouse Franchisee operator with over 100 Outback locations across the western United States (approx. 15% of all Outback locations in the U.S.). The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment for an out-of-state, passive investor.

FOR SALE DETAILS

PRICE

$4,795,000 USD

PRICE/SF

$770 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Outback Steakhouse | Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

105

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,332 SF

ZONING

PD

APN/PARCEL ID

2229-031-03-009

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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