8555 S Quebec St - Restaurant FOR SALE


Highlands Ranch, CO 80130- Highlands Ranch-Lone Tree
$1,595,000 USD
510-379-1233
8555 S Quebec St, Highlands Ranch, CO for Sale
$1,595,000 USD
Restaurant - FOR SALE
1/6
null | 7.15% Cap Rate

8555 S Quebec St
Highlands Ranch, CO 80130
Highlands Ranch-Lone Tree


HIGHLIGHTS

  • Absolute NNN Lease with roughly 80+ On the Border locations (60 company-owned, 20 franchised in the U.S. and South Korea) by OTB Acquisition LLC
  • Prime Location: Situated in Highlands Ranch, a high-income and dense residential Denver suburb with strong retail demand.
  • Nearby National Tenants: Surrounded by major retailers including Sam's Club, Walmart Supercenter, King Soopers, Kohl's, The Home Depot, Etc.
  • Demographics: Affluent and dense trade area with average household income exceeding $153,000 in 1-mile and population exceeding 221,000 in 5-miles.
  • High Traffic Counts: Traffic Count along S Quebec St is ±40,000 VPD
  • Access: Convenient and Easy Access to CO-470 and major commuter routes. Traffic Count on CO-470 is 115,000.

OVERVIEW

On The Border Mexican Grill & Cantina is a nationally recognized casual dining brand specializing in Tex-Mex cuisine. This property offers an investment opportunity with an Absolute NNN lease situated on 2.95 acre parcel, minimal landlord responsibilities, and strong surrounding demographics in one of Denver’s most affluent suburbs. Highlands Ranch is one of Denver’s most desirable suburbs, known for its affluent population, strong retail presence, and excellent connectivity via C-470. The property benefits from dense residential neighborhoods and proximity to major retail corridors. Pappas Portfolio: Pappas Restaurants operates Pappasito's Cantina, among several other successful restaurant brands. Pappas Restaurants acquired On The Border through its subsidiary "OTB Acquisition LLC" making Pappas Restaurants a major player in casual Mexican dining. Pappas Restaurants' goal is to invest in and modernize On The Border while keeping its core Tex-Mex identity. The company said it will explore ways to enhance On the Border menu, operations and guest experience to "strengthen and modernize the system." It will not change On the Border's value-driven approach or "lively welcoming environments".

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$263 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

On The Border

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

149

LAND DETAILS

LAND ACRES

2.95 AC

LAND SF

128,502 SF

ZONING

PDU

APN/PARCEL ID

2231-051-02-019

ASK ABOUT THIS PROPERTY

David ChingMarcus & MillichapMore Info
510-379-1233

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David ChingMarcus & MillichapMore Info
510-379-1233

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