Listed by Marcus & Millichap - Denver
$3,161,000
First Watch - The Daytime Cafe
Details
Property Type Retail
Sub Type Restaurant
Square Footage 4,434
Cap Rate 5.75%
NOI $181,794
Occupancy 100%
Tenancy Single
Brand/Tenant First Watch
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 02/28/2037
Remaining Term 10
Rent Bumps Yes
Lease Options 2 x 5-Year
Year Built 1982
Year Renovated 2002,2022
Acreage 0.860
Zoning Mixed Use Medium Scale
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/01/2002
Ground Lease No
Sale Condition N/A
Retail | 5.75% CAP | 4,434 SqFt
Investment highlights
- 10 YR ABS NNN LEASE | RECENT EXTENSION
- CORPORATE GUARANTY (NASDAQ: FWRG)
- 40K VPD ON ACADEMY BLVD | 0.7 MI FROM I-25 (133K VPD)
- POSITIONED IN DENSE RETAIL CORRIDOR | 0.5 MI FROM CHAPEL HILLS MALL
- RECENT REMODEL IN 2022
- 10 YEAR EXTENSION, RECENT REMODEL, & 20+ YEAR OPERATING HISTORY DEMONSTRATE COMMITMENT TO THE SITE
- LEASE IS CORPORATELY GUARANTEED BY FIRST WATCH RESTAURANT GROUP (620+ LOCATIONS)
- RARE ABSOLUTE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES
Listing Contacts
Listed by Marcus & Millichap - Denver
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$181,794.00
$15,149.50/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
Map
Zoning
MX-M MixedMixed UseMixed Use Medium Scale
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View all 152 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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