2660 W Belleview Ave - Fast Food FOR SALE


Littleton, CO 80123
$2,782,000 USD
949-942-6585
2660 W Belleview Ave, Littleton, CO for Sale
$2,782,000 USD
Fast Food - FOR SALE
1/4
null | 5.75% Cap Rate

2660 W Belleview Ave
Littleton, CO 80123


HIGHLIGHTS

  • 10% rent increases every 5 years during the initial term and at the start of each renewal period.
  • Low-management, passive investment with long-term stability; Prime location in a high-traffic retail corridor with strong visibility.
  • Adjacent to Major Senior Housing (500+ Units); Affluent Population: $114,000+ AHHI within 5 Miles
  • Absolute NNN lease with zero landlord responsibilities; 17-unit guaranty from ERC Hospitality, 33+ Freddy's locations.
  • Situated near Home Depot, Lowe’s and multiple shopping centers; High-quality infill Denver Metro location.
  • ERC: Highly experienced 33-unit Freddy’s operator; Established brand: Freddy’s boasts 550 locations across 36 states

OVERVIEW

Century Partners is pleased to present the opportunity to acquire a single-tenant Freddy’s Frozen Custard & Steakburgers drive-thru restaurant located in Littleton, Colorado (Denver Metro). The property is offered as a 20-year absolute net sale-leaseback to ERC Hospitality, an established 33-unit Freddy’s operator, which has a 17-unit guaranty on the lease. The lease features 10% rent increases every 5 years as well as (4) 5-year options to renew, providing stability and rent growth. The high-quality site is located outparcel to Riverside Downs shopping center, which features tenancy from other top-quality users including VCA Animal Hospital, Amazon One Medical, Starbucks, and more. Belleview Ave (34,000 VPD) provides direct access from the property to US Highway 85, which carries 62,000 VPD. Freddy’s Frozen Custard & Steakburgers is a popular and high-growth QSR brand, with a significant presence of over 550 locations across 36 states.

FOR SALE DETAILS

PRICE

$2,782,000 USD

PRICE/SF

$843 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Freddy's Frozen Custard

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

LPD-C

APN/PARCEL ID

2077-17-1-06-004

ASK ABOUT THIS PROPERTY

Scott ReidParaSell, Inc.More Info
949-942-6585

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Scott ReidParaSell, Inc.More Info
949-942-6585

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