9111 E 40th Ave - Restaurant FOR SALE


Denver, CO 80238- Central Park
$3,000,000 USD
858-558-5670
9111 E 40th Ave, Denver, CO for Sale
$3,000,000 USD
Restaurant - FOR SALE
1/3
null | Request Cap Rate

9111 E 40th Ave
Denver, CO 80238
Central Park


OVERVIEW

» LONG-TERM CORPORATE-BACKED LEASE FROM PUBLICLY TRADED COMPANY (Cracker Barrel signed a new 10-year ground lease in August of 2023 » ABSOLUTE NNN GROUND LEASE Zero landlord responsibilities for operating or capital expenses. » ATTRACTIVE RENT INCREASES The lease features 10% rent increases every 5 years in the primary term and the options. The next scheduled increase is in August 2028. » TROPHY FREEWAY LOCATION The subject property offers excellent accessibility via Interstate 70, Colorado’s primary east-west highway, which sees daily traffic volumes exceeding 252,000 vehicles. » STRATEGIC LOCATION WITHIN RUNWAY SOUTH DEVELOPMENT Cracker Barrel benefits from a highly desirable location within the sought-after Runway South Development, which is situated at the signalized intersection with over 49,969 combined daily. » EXPLOSIVE RESIDENTIAL GROWTH IN CENTRAL PARK In the first nine months of 2024 alone, over 9,800 new rental units have been introduced in Denver’s Central Park neighborhood, fueling demand for dining and retail establishments. » ADJACENT TO CENTRAL PARK RETAIL DISTRICT Major shopping destinations in the area include Eastbridge Town Center and The Shops at Northfield, a 1.2 million SF open-air lifestyle and retail center. » FAMILY-ORIENTED DEMOGRAPHICS WITH STRONG CONSUMER DEMAND Over 120,000 households within a 5-mile radius, with a projected 5% population growth over the next five years. Average household income exceeds $245,882 within a one-mile radius.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$334 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cracker Barrel

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.89 AC

LAND SF

82,443 SF

ZONING

-

APN/PARCEL ID

1223-00-077

ASK ABOUT THIS PROPERTY

Blake TagmyerCushman & WakefieldMore Info
858-558-5670

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Blake TagmyerCushman & WakefieldMore Info
858-558-5670

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