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Restaurant

Burger King

620 S Buckley Rd, Aurora, CO 80017

Listing Price: $3,284,210

Cap Rate
4.75%
Tenant Name
Burger King
Years Remaining On Lease
13.5
Guarantor
Franchisee Guarantee
Rentable SF
3,710
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.05

Investment Overview

The subject property is a single-tenant Burger King sale-leaseback located on the high-traffic, main arterial of South Buckley Road in Aurora, Colorado. This six-lane road boasts traffic counts of 31,000 vehicles per day in front of the property, with the signalized intersection of South Buckley Road and East Alameda Parkway just to the north offering over 59,000 vehicles per day. Retail in the area consists of Circle K, 7-Eleven, Cobblestone Car Wash, United States Post Office, Chase Bank, Huntington Bank, Starbuck’s, Good Times Burgers, Key Bank, AMF Aurora Lanes, Woody’s Wing’s, Launch Pad Brewery, and a Safeway anchored shopping center, among others. Further enhancing the area is the high concentration of surrounding residential, including new residential projects from Richmond American Homes and Meritage Homes coming online over the last few years, and multiple office complexes for Northrop Grumman and Raytheon. Adding to the growth in the immediate area Evergreen Development recently purchased 44-acres on the northeast corner of the intersection. Slated for a mixed-use development the project plan consists of new retail pad sites and +325 residential units, (source: evgre.com). The property is also 2-miles east of Interstate 225 and 15-miles south of Denver International Airport. Most notably Buckley Airforce Base is located 3-miles east of the subject property. Formerly a National Guard base, Buckley AFB has grown to fit the needs of the Denver military area and is home to the 460th Space Wing. Also housed at the base are the Colorado Air National Guard and the Colorado Army National Guard. In all, there are 77 tenant units located at Buckley with Buckley supporting 88,000 personnel in total with 1,445 Air Force members and 109 civilians assigned to the base. The base is in a growth phase and is also home to Buckley Space Force Base. (source: militarybases.com, military.com) Built in 2010 and remodeled in 2016, the property consists of an approximate 3,710-square foot retail building situated on approximately 0.98 acres of land. At the close of escrow a new long-term lease will be executed with approximately 14-years of primary term. The lease will be Absolute Triple Net (NNN) in nature with zero landlord repair and maintenance responsibilities whatsoever and contain Four 5-year renewal options. Rent shall increase by 5 percent every five years, including the option periods. The franchisee is well established in the Burger King system and has been an operator of the brand for decades. Please contact agent for further details. Aurora, Colorado is the state's third largest city and the gateway to the Rockies. It's home to more than 386,000 residents, numerous eateries, 103-miles of trails, 99 developed parks, and 8,000-acres of open space. Known for its cultural food, artistic exhibits, outdoor recreation and relaxing atmosphere, Aurora offers both a close proximity to Denver and a premier destination for conventions, business, and leisure travel alike.

Investment Highlights

  • New Long-Term Lease Commencing at Close of Escrow
  • High Performing Location with Sales Significantly Above Brand Average
  • Absolute Triple Net (NNN) Lease
  • Scheduled Rental Increases Every 5 Years
  • Desirable High Traffic Location in Growth Area
  • Average Household Income of $74,834 Within a Three-Mile Radius

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Restaurant

Burger King

Listing Price: $3,284,210

Cap Rate
4.75%
Tenant Name
Burger King
Years Remaining On Lease
13.5
Guarantor
Franchisee Guarantee
Rentable SF
3,710
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.05

Investment Highlights

  • New Long-Term Lease Commencing at Close of Escrow
  • High Performing Location with Sales Significantly Above Brand Average
  • Absolute Triple Net (NNN) Lease
  • Scheduled Rental Increases Every 5 Years
  • Desirable High Traffic Location in Growth Area
  • Average Household Income of $74,834 Within a Three-Mile Radius

Investment Overview

The subject property is a single-tenant Burger King sale-leaseback located on the high-traffic, main arterial of South Buckley Road in Aurora, Colorado. This six-lane road boasts traffic counts of 31,000 vehicles per day in front of the property, with the signalized intersection of South Buckley Road and East Alameda Parkway just to the north offering over 59,000 vehicles per day. Retail in the area consists of Circle K, 7-Eleven, Cobblestone Car Wash, United States Post Office, Chase Bank, Huntington Bank, Starbuck’s, Good Times Burgers, Key Bank, AMF Aurora Lanes, Woody’s Wing’s, Launch Pad Brewery, and a Safeway anchored shopping center, among others. Further enhancing the area is the high concentration of surrounding residential, including new residential projects from Richmond American Homes and Meritage Homes coming online over the last few years, and multiple office complexes for Northrop Grumman and Raytheon. Adding to the growth in the immediate area Evergreen Development recently purchased 44-acres on the northeast corner of the intersection. Slated for a mixed-use development the project plan consists of new retail pad sites and +325 residential units, (source: evgre.com). The property is also 2-miles east of Interstate 225 and 15-miles south of Denver International Airport. Most notably Buckley Airforce Base is located 3-miles east of the subject property. Formerly a National Guard base, Buckley AFB has grown to fit the needs of the Denver military area and is home to the 460th Space Wing. Also housed at the base are the Colorado Air National Guard and the Colorado Army National Guard. In all, there are 77 tenant units located at Buckley with Buckley supporting 88,000 personnel in total with 1,445 Air Force members and 109 civilians assigned to the base. The base is in a growth phase and is also home to Buckley Space Force Base. (source: militarybases.com, military.com) Built in 2010 and remodeled in 2016, the property consists of an approximate 3,710-square foot retail building situated on approximately 0.98 acres of land. At the close of escrow a new long-term lease will be executed with approximately 14-years of primary term. The lease will be Absolute Triple Net (NNN) in nature with zero landlord repair and maintenance responsibilities whatsoever and contain Four 5-year renewal options. Rent shall increase by 5 percent every five years, including the option periods. The franchisee is well established in the Burger King system and has been an operator of the brand for decades. Please contact agent for further details. Aurora, Colorado is the state's third largest city and the gateway to the Rockies. It's home to more than 386,000 residents, numerous eateries, 103-miles of trails, 99 developed parks, and 8,000-acres of open space. Known for its cultural food, artistic exhibits, outdoor recreation and relaxing atmosphere, Aurora offers both a close proximity to Denver and a premier destination for conventions, business, and leisure travel alike.

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

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