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Single-Tenant Vacant-User

Turnkey Restaurant Opportunity

18651 Mainstreet, Parker, CO 80134

Listing Price: $2,750,000

Tenant Name
August Moon
Years Remaining On Lease
3.1
Gross SF
7,240
Guarantor
No Guarantee
Rentable SF
7,240
Price/Gross SF
$379.83
Lease Type
Absolute Net

Investment Overview

The subject property is currently occupied by the August Moon Restaurant & Bar who has successfully served the Parker area for over 20 years. The property will be delivered free and clear of any lease, providing the purchaser with a turnkey restaurant and/or the ability to reposition into a variety of uses. Any user will enjoy a diverse array of dining options between a main dining area positioned under a skylight, bar seating, table seating along floor-to-ceiling windows, two optionally independent banquet rooms and a commodious 1,100 square foot patio. The kitchen offers two grill ranges with accompanying hoods and grease traps, a walk-in cooler and walk-in freezer offering ample storage, as well as a back-up generator. Restaurant financials are available upon request. Shadow-anchored by the newly developed Laszlo Hotel and AMC Theatre, the property occupies a full acre within the expanding Twenty Mile Village Shopping Center. The property’s positioning within the center offers high visibility as a corner lot with prominent signage at the intersection of Mainstreet and Dransfeldt, which traffics 24k VPD according to 2017 data. Also included within the development are Culvers, AMC Twenty Mile, Corepower Yoga, Laszlo Hotel, Community Banks of Colorado, English Tea Leaves and Wisp Salon & Spa. An additional 10,334 square foot mixed-use building is under construction within Twenty Mile Village. The property can be accessed conveniently from either Mainstreet, with right turn access adjacent to the property, or from Dransfeldt Road at a four-way stoplight with dedicated left and right turning lanes. There is a substantial ease of access, either on foot or driving, due to an abundance of sidewalk access and a spacious 43-space parking lot. The surrounding neighborhood businesses and visitors create significant demand for retail services. There is $78.7 million spent annually at lunch and dinner restaurants as well as over $12.4 million spent annually on alcoholic beverages away from the home within a three-mile radius. Other retailers within a 1-mile radius: Walmart, Safeway, Target, Home Depot, Lowe’s, PetSmart, Best Buy, Natural Grocers, Hobby Lobby, AMC Theatres, Kohl’s, Bed Bath & Beyond, Planet Fitness and 24-Hour Fitness. Average household income within three miles is $144,861, and total households within three miles is projected to grow by 16.49% over the next four years. The Waterford and Watermark Apartments, two master planned communities, are located just southwest of the property and hold 610 units between the two complexes. The newly constructed upper upscale Laszlo Hotel sits adjacent to the property and holds 51 rooms as well as two ground-level retail units. There are over 15,000 residential units in Parker currently planned or under development.

Investment Highlights

  • Turnkey Restaurant Opportunity, All FFE Included
  • Corner Lot in Vibrant Mixed-Use Development (Twenty Mile Village)
  • Easy Access from Mainstreet and Dransfeldt Road
  • Substantial Consumer Spending Power and Established Retail Submarket
  • Affluent, Rapidly Growing Community

Exclusively Listed By

Single-Tenant Vacant-User

Turnkey Restaurant Opportunity

Listing Price: $2,750,000

Tenant Name
August Moon
Years Remaining On Lease
3.1
Gross SF
7,240
Guarantor
No Guarantee
Rentable SF
7,240
Price/Gross SF
$379.83
Lease Type
Absolute Net

Investment Highlights

  • Turnkey Restaurant Opportunity, All FFE Included
  • Corner Lot in Vibrant Mixed-Use Development (Twenty Mile Village)
  • Easy Access from Mainstreet and Dransfeldt Road
  • Substantial Consumer Spending Power and Established Retail Submarket
  • Affluent, Rapidly Growing Community

Investment Overview

The subject property is currently occupied by the August Moon Restaurant & Bar who has successfully served the Parker area for over 20 years. The property will be delivered free and clear of any lease, providing the purchaser with a turnkey restaurant and/or the ability to reposition into a variety of uses. Any user will enjoy a diverse array of dining options between a main dining area positioned under a skylight, bar seating, table seating along floor-to-ceiling windows, two optionally independent banquet rooms and a commodious 1,100 square foot patio. The kitchen offers two grill ranges with accompanying hoods and grease traps, a walk-in cooler and walk-in freezer offering ample storage, as well as a back-up generator. Restaurant financials are available upon request. Shadow-anchored by the newly developed Laszlo Hotel and AMC Theatre, the property occupies a full acre within the expanding Twenty Mile Village Shopping Center. The property’s positioning within the center offers high visibility as a corner lot with prominent signage at the intersection of Mainstreet and Dransfeldt, which traffics 24k VPD according to 2017 data. Also included within the development are Culvers, AMC Twenty Mile, Corepower Yoga, Laszlo Hotel, Community Banks of Colorado, English Tea Leaves and Wisp Salon & Spa. An additional 10,334 square foot mixed-use building is under construction within Twenty Mile Village. The property can be accessed conveniently from either Mainstreet, with right turn access adjacent to the property, or from Dransfeldt Road at a four-way stoplight with dedicated left and right turning lanes. There is a substantial ease of access, either on foot or driving, due to an abundance of sidewalk access and a spacious 43-space parking lot. The surrounding neighborhood businesses and visitors create significant demand for retail services. There is $78.7 million spent annually at lunch and dinner restaurants as well as over $12.4 million spent annually on alcoholic beverages away from the home within a three-mile radius. Other retailers within a 1-mile radius: Walmart, Safeway, Target, Home Depot, Lowe’s, PetSmart, Best Buy, Natural Grocers, Hobby Lobby, AMC Theatres, Kohl’s, Bed Bath & Beyond, Planet Fitness and 24-Hour Fitness. Average household income within three miles is $144,861, and total households within three miles is projected to grow by 16.49% over the next four years. The Waterford and Watermark Apartments, two master planned communities, are located just southwest of the property and hold 610 units between the two complexes. The newly constructed upper upscale Laszlo Hotel sits adjacent to the property and holds 51 rooms as well as two ground-level retail units. There are over 15,000 residential units in Parker currently planned or under development.

Exclusively Listed By

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