5949 Alpine Vista Cir - Restaurant FOR SALE
Castle Rock, CO 80108 |
5949 Alpine Vista Cir
Castle Rock, CO 80108
HIGHLIGHTS
- Single-tenant Lazy Dog in the fastest growing city in Colorado: Castle Rock (Denver MSA)
- Lazy Dog’s 2022 revenue totaled $383M – ranking it #42 in the sit-down casual restaurant space by Nation’s Restaurant New’s Top 500 Restaurant Chains
- Some of the highest AUV’s in the industry (and growing): recent estimates for 2023 are in excess of $9M
- 20-year ground lease featuring zero Landlord maintenance or expense responsibilities, making this a truly hands-off investment
- 10% rental increases every 5 years during the primary term and options, providing an investor with a hedge against inflation
- Corporate guaranty from tenant’s parent company – Lazy Dog Restaurants, LLC
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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STATUS
Proposed
BUILDING DETAILS
PROPERTY NAME
Lazy Dog
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
8400
STORIES
1
YEAR BUILT
2027
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
2351-272-26-012
