6292 S Parker Rd - Auto Repair FOR SALE


Centennial, CO 80016
$2,000,000 USD
760-720-5449
6292 S Parker Rd, Centennial, CO for Sale
$2,000,000 USD
Auto Repair - FOR SALE
1/10
null | 6% Cap Rate

6292 S Parker Rd
Centennial, CO 80016


OVERVIEW

Franchisee Guaranteed Lease | Options To Extend | Scheduled Rental Increases New 20-year lease with 3 (5-year) option periods to extend The lease features 10% rental increases every 5 years and at the beginning of each option period, providing a hedge against inflation and steadily growing NOI Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises No landlord responsibilities Ideal, management-free investment for an out-of-state, passive investor Fronting South Parker Road (Hwy 83) | Excellent Visibility & Traffic Take 5 is strategically located on South Parker Rd, a major retail thoroughfare for Centennial with over 77,000 cars passing the site each day at the signalized intersection of S Parker Rd & S Lewiston Way The asset has excellent visibility via street frontage providing ease and convenience for customers Strong Demographics in 5-Mile Trade Area More than 264,000 residents and 166,230 employees support the trade area $147,751 average household income Proximity to Regis Jesuit High School | Discounted Rates for Students & Parents The Take 5 is located on South Lewiston Way, the entrance to the major local high school, Regis Jesuit High School, with over 1,700 students Take 5 has negotiated a discounted rate with the students of Regis Jesuit and their staff, ensuring a solid customer-base for the duration of the lease

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$1,267 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

CG: General Commercial

APN/PARCEL ID

2073-20-2-18-002

ASK ABOUT THIS PROPERTY

Greg LabarreSRS Real Estate PartnersMore Info
760-720-5449

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Greg LabarreSRS Real Estate PartnersMore Info
760-720-5449

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