15705 E Briarwood Cir - Retail FOR SALE


Aurora, CO 80016- Outer Aurora
$2,909,090 USD
310-750-7175
15705 E Briarwood Cir, Aurora, CO for Sale
$2,909,090 USD
Retail - FOR SALE
1/7
null | 5.5% Cap Rate

15705 E Briarwood Cir
Aurora, CO 80016
Outer Aurora


HIGHLIGHTS

  • New 20-year absolute NNN lease
  • Lease is guaranteed by 17 of the units of ERC Hospitality (33 total Freddy’s units)
  • Strong-performing store exceeding Freddy’s average unit volume
  • Prime outparcel to Target-anchored shopping center
  • High-income demographics: $138,000+ AHHI within 3 miles
  • Established brand: Freddy’s boasts 550 locations across 36 states

OVERVIEW

Century Partners is pleased to present the opportunity to acquire a single-tenant Freddy’s Frozen Custard & Steakburgers drive-thru restaurant located in Aurora, Colorado (Denver Metro). The property is offered as a 20-year absolute net sale-leaseback to ERC Hospitality, an established 33-unit Freddy’s operator, which has a 17-unit guaranty on the lease. The lease features 10% rent increases every 5 years as well as (4) 5-year options to renew, providing stability and rent growth. The high-quality site is located outparcel to Target within Cornerstar shopping center, which features tenancy from other top-quality users including Marshalls, Homegoods and more. The shopping center sits at a major crossroads: E Arapahoe Rd (78,000 VPD) and CO State Highway 83 (40,000 VPD). Freddy’s Frozen Custard & Steakburgers is a popular and high-growth QSR brand, with a significant presence of over 550 locations across 36 states.

FOR SALE DETAILS

PRICE

$2,909,090 USD

PRICE/SF

$878 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Freddy's 20-Year Target Outparcel

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

LPD-C

APN/PARCEL ID

2077-17-1-06-004

ASK ABOUT THIS PROPERTY

Kyle GulockCentury Partners Real Estate Inc.More Info
310-750-7175

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

Kyle GulockCentury Partners Real Estate Inc.More Info
310-750-7175

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