7375 W 88th Ave - Freestanding FOR SALE


Westminster, CO 80021- Downtown Westminster
$4,444,444 USD
970-412-8245
7375 W 88th Ave, Westminster, CO for Sale
$4,444,444 USD
Freestanding - FOR SALE
1/4
null | 4.5% Cap Rate

7375 W 88th Ave
Westminster, CO 80021
Downtown Westminster


HIGHLIGHTS

  • Attractive Absolute NNN Ground Lease Structure with Renewal Options Brand new 15-year lease with five (5) 5-year renewal options
  • Strategic location between Denver and Boulder on the US 36 Tech Corridor and drive by exposure to over 73,370 VPD on W 88th Avenue & Wadsworth Blvd
  • Anchored by a Highly Visited Regional Shopping Center which accounts for over 2.8M visits over the past twelve months

OVERVIEW

Marketing Description: CBRE National Retail Partners is pleased to offer a single-tenant, new construction Raising Cane’s at Towne Center at Brookhill (the ‘Offering’), located in Westminster, Colorado (Denver MSA). The Offering is a brand new, absolute triple-net ground lease featuring 15 years on the initial lease term plus five (5) five-year renewal options. The lease is corporately secured by Raising Cane’s Restaurants, LLC. The Offering features a currently under construction Raising Cane’s estimated to be a 3,331-square-foot retail facility with two drive-thru lanes. Located within the Towne Center at Brookhill, a 418,000-square-foot regional shopping center destination with an array of daily need goods and services, discount soft goods merchandise, entertainment and quick service dining options. The location benefits from an entrance off of West 88th Avenue and high barriers to entry in a entirely built out retail trade area. With convenient access along two of the main traffic arteries in Westminster, West 88th Ave and Wadsworth Blvd, drive by exposure is over 73,370 vehicles per day. This site is just 2 miles from the US 36 and Sheridan Avenue interchange, midway between Denver and Boulder on the US 36 tech corridor. Founded in Baton Rouge, Louisiana in 1996, Raising Cane’s Chicken Fingers is a privately-held fast-food chain with over 975 locations across the U.S. and worldwide. Known for its high-quality chicken fingers and simple menu, the restaurant’s emphasis is on quality, customer loyalty and community involvement. Raising Cane’s at Towne Center at Brookhill is being offered free and clear of existing debt on an “As-Is/Where Is” basis.

FOR SALE DETAILS

PRICE

$4,444,444 USD

PRICE/SF

$1,334 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Raising Cane's at Towne Center Brookhill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

-

APN/PARCEL ID

29-234-03-021

ASK ABOUT THIS PROPERTY

Matt HenrichsCBRE, Inc.More Info
970-412-8245

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Matt HenrichsCBRE, Inc.More Info
970-412-8245

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