Listed by Marcus & Millichap - Denver
$2,711,000
Brakes Plus
Details
APN 0171906202009
Property Type Retail
Sub Type Auto Shop
Square Footage 6,577
Cap Rate 5.25%
NOI $142,362
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 07/31/2041
Remaining Term 15
Rent Bumps Yes
Lease Options 4 x 5-Year
Price per SqFt $412
Broker Co-Op True
Year Built 2021
Buildings 1
Stories 1
Acreage 0.880
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/01/2021
Ground Lease No
Top Performing Brakes Plus Location | 15+ Years Remaining | ABS NNN | Corporate Guarantee
Investment highlights
- TOP PERFORMING BRAKES PLUS LOCATION, 98TH PERCENTILE
- STRONG DEMOGRAPHICS WITHIN THE IMMEDIATE TRADE AREA | POPULATION OF 103,658 & AVG. HOUSEHOLD INCOME OF $147,898 (WITHIN A 3-MILE RADIUS)
- LOCATED IN SHERIDAN CROSSING, A 132,549 SQFT GROCERY ANCHORED SHOPPING CENTER (90TH PERCENTILE)
- POSITIONED WITHIN A DOMINANT RETAIL CORRIDOR
- ACROSS THE STREET FROM #1 GROCER IN A ONE MILE RADIUS, BROOMFIELD TOWN CENTRE
Listing Contacts
Listed by Marcus & Millichap - Denver
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$142,362.00
$11,863.50/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Title
Is there information that looks off?
