15050 Colfax ave - Fast Food FOR SALE


Aurora, CO 80011
$3,626,305 USD
408-510-9057
15050 Colfax ave, Aurora, CO for Sale
$3,626,305 USD
Fast Food - FOR SALE
1/3
null | 5.25% Cap Rate

15050 Colfax ave
Aurora, CO 80011


HIGHLIGHTS

  • Brand New 20-Year Triple Net (NNN) Ground Lease Commencing in 2025
  • Attractive Rental Increases | 10% Every Five (5) Years
  • Prime Development Area of Aurora CO Adjacent to Aurora Creekside, 148-Unit Townhomes Under Construction, and Several Additional Retailers Coming Soon
  • Exceptional Traffic Counts on E Colfax Avenue of +38,300 VPD Giving Prime Exposure to the Location | 150K Vehicles per Day on the Nearby I-225 Freeway
  • Part of the Denver Metro Area, the Largest City in Colorado (±3 Million)
  • Largest Popeyes Franchisee | 3rd Largest Franchisee in America

OVERVIEW

This property features a brand-new 20-year triple net (NNN) ground lease, set to commence in 2025, with 10% rental increases every five years, ensuring attractive long-term returns. The lease includes four tenant renewal options of five years each, allowing the potential term to extend to 40 years. The tenant is backed by the Dhanani Group, one of the largest franchise operators in the U.S., overseeing more than 2,000 quick-service and convenience businesses. Their portfolio includes approximately 390 Popeyes, 554 Burger Kings, and 42 La Madeleine locations, generating over $1.7 billion in revenue as per the 2023 *Franchise Times “Restaurant 200”* list. Ranked the third-largest franchisee in America by *Multi-Unit Franchisee Magazine* in 2024. The property is located in a prime development area of Aurora, Colorado, adjacent to Aurora Creekside—a 148-unit townhome project under construction—and surrounded by a growing retail corridor that includes McDonald’s, Dutch Bros, Murphy Oil, VASA Fitness, Holiday Inn Express, and more. With exceptional traffic counts of 38,300 vehicles per day on E Colfax Avenue and 150,000 vehicles daily on the nearby I-225 freeway, the site benefits from unparalleled visibility and exposure. Just one block from a local high school, middle school, and elementary school, the property is part of the Denver metro area, Colorado’s largest city with a population of approximately three million. Known for its booming tech sector, outdoor recreation, and vibrant cultural scene, Denver offers year-round events and a thriving market, making this property a valuable and secure investment opportunity.

FOR SALE DETAILS

PRICE

$3,626,305 USD

PRICE/SF

$1,208 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Popeyes | 20YR NNN Lease | Denver MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

-

APN/PARCEL ID

1975-06-1-30-002

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Tyler BindiMarcus & MillichapMore Info
408-510-9057

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.