2660 W Belleview Ave - Restaurant FOR SALE


Littleton, CO 80123
$2,909,090 USD
310-750-7175
2660 W Belleview Ave, Littleton, CO for Sale
$2,909,090 USD
Restaurant - FOR SALE
1/4
null | 5.5% Cap Rate

2660 W Belleview Ave
Littleton, CO 80123


HIGHLIGHTS

  • 10% rent increases every 5 years during the initial term and at the start of each renewal period.
  • Absolute NNN lease with zero landlord responsibilities; 17-unit guaranty from ERC Hospitality, 33+ Freddy's locations.
  • ow-management, passive investment with long-term stability; Prime location in a high-traffic retail corridor with strong visibility.
  • Situated near Home Depot, Lowe’s and multiple shopping centers; High-quality infill Denver Metro location.
  • Adjacent to Major Senior Housing (500+ Units); Affluent Population: $114,000+ AHHI within 5 Miles
  • ERC: Highly experienced 33-unit Freddy’s operator; 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 Littleton, 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 Riverside Downs shopping center, which features tenancy from other top-quality users including VCA Animal Hospital, Amazon One Medical, Starbucks, and more. Belleview Ave (34,000 VPD) provides direct access from the property to US Highway 85, which carries 62,000 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

$882 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Freddy's - New 20-Year Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 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

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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.