9111 E 40th Ave - Retail FOR SALE


Denver, CO 80238- Central Park
$5,500,000 USD
858-558-5670
9111 E 40th Ave, Denver, CO for Sale
$5,500,000 USD
Retail - FOR SALE
1/3
null | Request Cap Rate

9111 E 40th Ave
Denver, CO 80238
Central Park


HIGHLIGHTS

  • Wendy’s Properties, LLC signed a new 25-year ground lease with rent commencing November 2022, exemplifying their strong commitment to the site.
  • Zero landlord responsibilities for operating or capital expenses.
  • Lease features 10% rent increases every 5 years in the primary term and options, providing a hedge against inflation.
  • Wendy’s is ideally situated at the high-visibility, signalized intersection of 40th Ave and Central Park Blvd, with over 20,000 combined daily vehicle

OVERVIEW

9111 E 40th Ave presents a prime investment opportunity. The subject site features a 1,635 square foot, new construction building with “Y Drive-Thru” situated on 24,684 square feet of land, directly next to I-70, Colorado’s main east-west highway. The property is located in the “Runway South” development in the coveted central park neighborhood adjacent to Chick-Fil-A (under construction), QuikTrip, Cracker Barrel, Andy’s Frozen Custard, Fairfield Inn, Super Star Car Wash and many others. RARE CORPORATE-BACKED WENDY’S LEASE | 23.5 YEARS REMAINING Wendy’s Properties, LLC signed a new 25-year ground lease with rent commencing November 2022, exemplifying their strong commitment to the site. ABSOLUTE NNN GROUND LEASE Zero landlord responsibilities for operating or capital expenses. ATTRACTIVE RENT INCREASES Lease features 10% rent increases every 5 years in the primary term and options, providing a hedge against inflation. STRATEGIC LOCATION AT HIGH-TRAFFIC, SIGNALIZED INTERSECTION Wendy’s is ideally situated at the high-visibility, signalized intersection of 40th Ave and Central Park Blvd, with over 20,000 combined daily vehicles passing through the area. STRONG RETAIL AND COMMERCIAL TENANT MIX Major shopping destinations in the area include The Shops at Northfield, a 1.2 million SF open-air lifestyle and retail center anchored by Target, Macy’s, Harkins Theatres, Bass Pro Shops, and a diverse mix of dining and entertainment options. PROMINENT RETAIL LOCATION ADJACENT TO CENTRAL PARK RETAIL DISTRICT The Runway South development is home to a diverse range of tenants, including national restaurant brands, hotels and other traffic generators, enhancing the area’s appeal and ensuring a robust, thriving commercial ecosystem that supports the real estate’s value. HIGHLY AFFLUENT & DENSELY POPULATED TRADE AREA Wendy’s benefits from over 119,273 residents within a three-mile radius, which includes approximately 41,000 housing units boasting a highly affluent average household income exceeding $244,560 within a one-mile radius.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$3,364 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

M-IMX-12

APN/PARCEL ID

1223-00-079

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.