6900 Leetsdale Dr - Storefront FOR SALE


Denver, CO 80224
$1,660,000 USD
720-528-6308
6900 Leetsdale Dr, Denver, CO for Sale
$1,660,000 USD
Storefront - FOR SALE
1/4
null | 4.75% Cap Rate

6900 Leetsdale Dr
Denver, CO 80224


HIGHLIGHTS

  • Attractive NNN Ground Lease with Renewal Options
  • Strong Credit Backed Tenancy
  • Irreplaceable Real Estate Fundamentals in an infill location

OVERVIEW

CBRE National Retail Partners - Mountain is pleased to exclusively offer a single-tenant AutoZone located in Denver, Colorado (the “Offering”). The Offering is inclusive of an absolute triple-net ground lease with nine years remaining on the lease term plus three 5-year automatic renewal options. The lease is corporately secured by AutoZone Parts Inc.  The Offering features a 6,000-square foot freestanding retail facility built exclusively for AutoZone in 2018. Positioned along Leetsdale Drive, a main thoroughfare in the central Denver trade area, AutoZone has direct connectivity to Downtown Denver, Cherry Creek, Glendale, Aurora and surrounding high density neighborhoods. Ideally positioned in a high barrier to entry location at the hard corner signalized intersection at Leetsdale Drive and South Oneida Street, AutoZone benefits from premier visibility and traffic volumes of over 39,000 vehicles per day. AutoZone is one of the top auto parts chains in the U.S.  Opening in 1979 in Arkansas as Auto Shack by J.R. “Pitt” Hyde III, AutoZone has grown to over 7,000 locations in the U.S. and internationally.  ??????? AutoZone is being offered free and clear of existing debt on an “As-Is/Where Is” basis.

FOR SALE DETAILS

PRICE

$1,660,000 USD

PRICE/SF

$277 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AutoZone

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,118 SF

ZONING

B-2

APN/PARCEL ID

6174-00-187

ASK ABOUT THIS PROPERTY

Matt HenrichsCBRE, Inc.More Info
720-528-6308

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Matt HenrichsCBRE, Inc.More Info
720-528-6308

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