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31096931
31096930

1597 S Federal Blvd, Denver, CO 80219 For Sale

RE
CA Colorado : IA 100029199;
Berkshire Hathaway-FTC
Luna Llanes Realty
Listed by Berkshire Hathaway-FTC, Luna Llanes Realty
$3,500,000
123 days on market
Updated 11 days ago

Torres Mexican Restaurant

Details
APN 5203-01-047
Property Type Retail, Mixed Use
Sub Type Restaurant, Bar
Square Footage 5,907
Net Rentable (SqFt) 5,907
Units 1
Cap Rate 5.14%
NOI $180,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 08/30/2031
Remaining Term 5.1
Rent Bumps Yes
Lease Options optional 5 year-additionals
Price per SqFt $593
Broker Co-Op Yes
Class B
Year Built 1990
Year Renovated 2008
Buildings 2
Stories 1
Lot Size (SqFt) 69,600
Zoning U-MS-5
Parking Spaces 124 spaces
Parking per 1,000 SqFt 20.99
Investment Type Net Lease
Lease Commencement 08/31/2021
Occupancy Date 02/28/1990
Ground Lease No
Ownership Individual

Retail | EXCHANGERS , Excellent opportunity to acquire A VERY Cost-Effective Property!!!

Marketing description

This is the property that will keep on giving even as you add value and R.O.I as you develop.

Investors/ Exchangers, developers ... Here is an opportunity to buy outright? Or fill in an exchange with a good property with a robust ROI and at same time can be developed into additional Value with it's excess land…

This is a very successful Family restaurant operated for the past 30 years. The property is located in a great neighborhood in bountiful southwest Denver sandwiched between Garfield Lake Park and Harvey Park neighborhoods and has an excellent historical reputation for food and comfort!

**Torres Mexican Restaurant has been a staple to southwest Denver for decades and is thriving in today’s market!!

All this is located on an excessively sized lot of 69,900 sq ft. way beyond the Restaurant’s carpark needs. The excess property-site offers approx. 25-30,000 SQFT which can be developed-to-suit!

A shop center? OR your IMAGINATION is your guide? The Neighborhood’s Needs…will provide MASSIVE UPSIDE $ Be great for a Trader Joes Grocer-type ?

As you decide how to add to your investment. You're making a tidy 5.2 CAP- RATE of $180,000.00. NNN per Annum with this Investment and Development Opportunity.

Listing Contacts

RE
CA Colorado : IA 100029199;
Berkshire Hathaway-FTC
Luna Llanes Realty
Listed by Berkshire Hathaway-FTC, Luna Llanes Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$180,000.00
$15,000.00/mo

Valuation Metrics

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DSCR
5.14%
Cap Rate
5.14%
ROI

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