Cracker Barrel 9111 E 40th Ave Local commercial 835 m² À vendre Denver, CO 80238 2 633 700 € (3 152,68 €/m²)

» LONG-TERM CORPORATE-BACKED LEASE FROM PUBLICLY TRADED COMPANY
(Cracker Barrel signed a new 10-year ground lease in August of 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 the options. The next scheduled increase is in August 2028.
» 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.
» STRATEGIC LOCATION WITHIN RUNWAY SOUTH DEVELOPMENT
Cracker Barrel benefits from a highly desirable location within the sought-after Runway South Development, which is situated at the signalized intersection with over 49,969 combined daily.
» EXPLOSIVE RESIDENTIAL GROWTH IN CENTRAL PARK
In the first nine months of 2024 alone, over 9,800 new rental units have been introduced in Denver’s Central Park neighborhood, fueling demand for dining and retail establishments.
» ADJACENT TO CENTRAL PARK RETAIL DISTRICT
Major shopping destinations in the area include Eastbridge Town Center and The Shops at Northfield, a 1.2 million SF open-air
lifestyle and retail center.
» 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 one-mile radius.