9111 E 40th Ave - Freestanding FOR SALE


Denver, CO 80238- Central Park
$2,090,909 USD
858-558-5670
9111 E 40th Ave, Denver, CO for Sale
$2,090,909 USD
Freestanding - FOR SALE
1/4
null | Request Cap Rate

9111 E 40th Ave
Denver, CO 80238
Central Park


OVERVIEW

» LONG-TERM LEASE WITH STRONG PERSONAL GUARANTEES FROM 5- HIGH-NET-WORTH INDIVIDUALS (Contact Broker for Details)- Rocky Mountain Custard, LLC secured a brand-new 15-year ground lease, with rent commencing on June 24, 2023. » ABSOLUTE NNN GROUND LEASE Zero landlord responsibilities for operating or capital expenses. » ATTRACTIVE RENT INCREASES The lease features 10% rent increases every 5 years in the primary term and options, providing a hedge against inflation. » STRATEGIC LOCATION ADJACENT TO SIGNALIZED INTERSECTION Andy’s Frozen Custard is strategically located adjacent to the high-visibility, signalized intersection with combined daily vehicles in excess of 49,969. » TROPHY FREEWAY LOCATION The subject property offers excellent accessibility via Interstate 70, Colorado’s primary east-west highway, which sees daily traffic volumes exceeding 252,000 vehicles. » PROMINENT RETAIL LOCATION ADJACENT TO CENTRAL PARK RETAIL DISTRICT Major shopping destinations in the area include The Shops at Northfield, a 1.2 million SF open-air lifestyle and retail center anchored by Target. » LOCATED IN A HIGH-GROWTH RESIDENTIAL MARKET Central Park is one of Denver’s fastest-growing residential communities, with continuous development of new homes and apartment complexes. » FAMILY-ORIENTED DEMOGRAPHICS WITH STRONG CONSUMER DEMAND Over 120,000 households within a 5-mile radius, with a projected 5% population growth over the next five years. Average household income exceeds $245,882 within a onemile radius.

FOR SALE DETAILS

PRICE

$2,090,909 USD

PRICE/SF

$1,017 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Andy's Frozen Custard

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,825 SF

ZONING

-

APN/PARCEL ID

1223-00-080

ASK ABOUT THIS PROPERTY

Blake TagmyerCushman & WakefieldMore Info
858-558-5670

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Blake TagmyerCushman & WakefieldMore Info
858-558-5670

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