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Restaurant

Burger King | Denver | 18+ Yr Abs. Net Lease | 22+ Yr Hist. Occupancy | Recent 20 Yr Lease Extension

6435 W Colfax Ave, Denver, CO 80214

Listing Price: $2,421,053

Cap Rate
4.84%
Tenant Name
Burger King
Years Remaining On Lease
18.0
Gross SF
3,376
Guarantor
Franchisee Guarantee
Rentable SF
3,376
Price/Gross SF
$717.14
Lease Type
Absolute Net
Rent Per Square Feet
$34.74

Investment Overview

Denver is the capital and most populous city of the U.S. State of Colorado. With an estimated population of 727,211 in 2019, Denver is the 19th-most populous city in the United States, the fifth-most populous state capital, and the most populous city located in the Mountain states. The metropolitan area surrounding Denver represents a majority of the population and economic activity in the Front Range region, the area where an estimated 85% of Colorado’s population lives. The Denver downtown district is immediately east of the confluence of Cherry Creek and the South Platte River, approximately 12 mi east of the foothills of the Rocky Mountains. Denver is ranked as a Beta world city by the Globalization and World Cities Research Network. The 10-county Denver-Aurora-Lakewood, CO Metropolitan Statistical Area had an estimated 2018 population of 2,932,415 and was the 19th most populous U.S. metropolitan statistical area. The 12-county Denver-Aurora, CO Combined Statistical Area had an estimated 2018 population of 3,572,798 and was the 15th most populous U.S. metropolitan area. Denver was the most populous city of the 18-county Front Range Urban Corridor, an oblong urban region stretching across two states with an estimated 2018 population of 4,976,781. The Denver metropolitan area is the most populous within a 800-mile radius and the second-most populous city in the Mountain West after Phoenix, Arizona. In 2016, Denver was named the best place to live in the United States by U.S. News & World Report.

Investment Highlights

  • Closed Down a Nearby Burger King Merging the Sales with this Location. New Operator Projects to Increase Sales by 10-15%.
  • Positioned Along Area's Major Retail & Traffic Corridor. Hard Corner Location at a Signalized Intersection - Features Easy Access & Visibility with Daily Traffic Counts Exceeding 32k Vehicles.
  • Located within Lamar Station Plaza - A 17+ Store Shopping Center Anchored by Ross Dress for Less, Planet Fitness, Dollar Tree and more. A New Autism School will be Adjacent to this Location.
  • Densely Populated and Affluent Area: Features an Average Household Income of $86k+ and over 456k People Residing within a 5-Mile Radius. Strong Gentrification in this Market moving Eastward.
  • Within a Strong Retail Trade Corridor - Surrounded by Numerous National Retailers Including a Walmart Supercenter, The Home Depot, Target, King Soopers, Walgreens, Safeway, Natural Grocers and many more.
  • 18+ Year Absolute Net Lease. 22+ Year Historical Occupancy and Recent 20 Year Lease Extension Demonstrates a Strong Commitment to the Location. Complete Exterior / Interior Renovation in 2018.

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Restaurant

Burger King | Denver | 18+ Yr Abs. Net Lease | 22+ Yr Hist. Occupancy | Recent 20 Yr Lease Extension

Listing Price: $2,421,053

Cap Rate
4.84%
Tenant Name
Burger King
Years Remaining On Lease
18.0
Gross SF
3,376
Guarantor
Franchisee Guarantee
Rentable SF
3,376
Price/Gross SF
$717.14
Lease Type
Absolute Net
Rent Per Square Feet
$34.74

Investment Highlights

  • Closed Down a Nearby Burger King Merging the Sales with this Location. New Operator Projects to Increase Sales by 10-15%.
  • Positioned Along Area's Major Retail & Traffic Corridor. Hard Corner Location at a Signalized Intersection - Features Easy Access & Visibility with Daily Traffic Counts Exceeding 32k Vehicles.
  • Located within Lamar Station Plaza - A 17+ Store Shopping Center Anchored by Ross Dress for Less, Planet Fitness, Dollar Tree and more. A New Autism School will be Adjacent to this Location.
  • Densely Populated and Affluent Area: Features an Average Household Income of $86k+ and over 456k People Residing within a 5-Mile Radius. Strong Gentrification in this Market moving Eastward.
  • Within a Strong Retail Trade Corridor - Surrounded by Numerous National Retailers Including a Walmart Supercenter, The Home Depot, Target, King Soopers, Walgreens, Safeway, Natural Grocers and many more.
  • 18+ Year Absolute Net Lease. 22+ Year Historical Occupancy and Recent 20 Year Lease Extension Demonstrates a Strong Commitment to the Location. Complete Exterior / Interior Renovation in 2018.

Investment Overview

Denver is the capital and most populous city of the U.S. State of Colorado. With an estimated population of 727,211 in 2019, Denver is the 19th-most populous city in the United States, the fifth-most populous state capital, and the most populous city located in the Mountain states. The metropolitan area surrounding Denver represents a majority of the population and economic activity in the Front Range region, the area where an estimated 85% of Colorado’s population lives. The Denver downtown district is immediately east of the confluence of Cherry Creek and the South Platte River, approximately 12 mi east of the foothills of the Rocky Mountains. Denver is ranked as a Beta world city by the Globalization and World Cities Research Network. The 10-county Denver-Aurora-Lakewood, CO Metropolitan Statistical Area had an estimated 2018 population of 2,932,415 and was the 19th most populous U.S. metropolitan statistical area. The 12-county Denver-Aurora, CO Combined Statistical Area had an estimated 2018 population of 3,572,798 and was the 15th most populous U.S. metropolitan area. Denver was the most populous city of the 18-county Front Range Urban Corridor, an oblong urban region stretching across two states with an estimated 2018 population of 4,976,781. The Denver metropolitan area is the most populous within a 800-mile radius and the second-most populous city in the Mountain West after Phoenix, Arizona. In 2016, Denver was named the best place to live in the United States by U.S. News & World Report.

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

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