Restaurant
On The Border
8555 S Quebec St, Highlands Ranch, CO 80130
Listing Price: $1,595,000
Investment 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".
On The Border
Investment 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, a subsidiary of Pappas Restaurants.
- 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, Scandinavian Designs, 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.
- Large Parcel: Small size Investment consisting of a 2.95 Acre Parcel.
- Highlands Ranch is supported by several major employers, including Oracle, Charles Schwab and DaVita, Etc.
Broker of Record
-
Adam Lewis
Senior Managing Director, Market Leader- Colorado/Idaho
Listing Price: $1,595,000
Investment 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, a subsidiary of Pappas Restaurants.
- 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, Scandinavian Designs, 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.
- Large Parcel: Small size Investment consisting of a 2.95 Acre Parcel.
- Highlands Ranch is supported by several major employers, including Oracle, Charles Schwab and DaVita, Etc.
Investment 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".
Broker of Record
-
Adam Lewis
Senior Managing Director, Market Leader- Colorado/Idaho
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