Listed by Marcus & Millichap - Denver
$5,570,000
CAVA & Heartland Dental
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 6,100
Net Rentable (SqFt) 6,100
Units 2
Cap Rate 5.5%
NOI $306,400
Occupancy 100%
Tenancy Multi
Brand/Tenant Heartland Dental, CAVA
Lease Type NNN
Lease Term 10
Remaining Term 9
Rent Bumps Yes
Lease Options See Rent Roll
Price per SqFt $913
Broker Co-Op Yes
Year Built 2024
Buildings 1
Stories 1
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Denver's Explosive Growth Corridor - Top 3% King Soopers Location
Investment highlights
- Brand new CAVA (w/ drive-thru)
- Brand new Heartland Dental | Corporate
- New 10-year leases with increases
- Grocery (shadow) anchored by top performing King Soopers (Kroger)
- Denver's fastest growing retail corridor | Green Valley Ranch
- Denver International Airport driving explosive growth
- Less than 15 minutes from Denver International Airport, the 3rd busiest airport in the United States
- Within a 5-mi radius, the Airport Submarket features 70.7M SF of industrial inventory with 2.7M SF under construction
Listing Contacts
Listed by Marcus & Millichap - Denver
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$306,400.00
$25,533.33/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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