Andy's Frozen Custard 9111 E 40th Ave Local commercial 191 m² À vendre Denver, CO 80238 1 797 596 € (9 411,07 €/m²)

» 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.