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1151 N Colorado Ave
Brush, CO 80723
Wendy's · Retail Property For Sale
Investment Highlights
- Absolute NNN lease with 14 years remaining and no landlord responsibilities.
- Operated by Wenspok Companies, a strong franchisee with 67 locations.
- Located near I-76 and Heartland Expressway with traffic counts of 21,752 CPD.
- 8% rental increases every five years, ensuring income growth.
- Positioned on a large ±1.186-acre lot with excellent visibility and access.
- Established location operating since 2009 with a strong sales history.
Executive Summary
This offering presents a long-term, absolute NNN leased Wendy’s property located at 1151 Colorado Avenue in Brush, Colorado. The asset is positioned on a ±1.186-acre parcel with excellent visibility and access from Heartland Expressway and Interstate 76, benefiting from traffic counts of approximately 21,752 CPD. The property is leased to Wenplatte LLC, a franchisee of Wenspok Companies, under an absolute NNN lease structure, making it a true passive investment with zero landlord responsibilities.
The lease commenced in November 2019 and runs through November 2039, providing 14 years of remaining term with two additional five-year renewal options. Rental escalations of 8% occur every five years, enhancing long-term income growth. The current annual rent is $113,262, with a cap rate of 6.50%, and the next scheduled increase will further improve returns.
Wenspok Companies operates over 67 Wendy’s locations across the Pacific Northwest and Midwest, including 12 locations in Colorado, Nebraska, and South Dakota. This seasoned operator brings stability and proven performance, with this location successfully operating since 2009. The property’s strategic location near major retailers, dining options, and East Morgan County Hospital, combined with its proximity to Denver (90 miles), positions it as a strong investment opportunity in a growing market.
The lease commenced in November 2019 and runs through November 2039, providing 14 years of remaining term with two additional five-year renewal options. Rental escalations of 8% occur every five years, enhancing long-term income growth. The current annual rent is $113,262, with a cap rate of 6.50%, and the next scheduled increase will further improve returns.
Wenspok Companies operates over 67 Wendy’s locations across the Pacific Northwest and Midwest, including 12 locations in Colorado, Nebraska, and South Dakota. This seasoned operator brings stability and proven performance, with this location successfully operating since 2009. The property’s strategic location near major retailers, dining options, and East Morgan County Hospital, combined with its proximity to Denver (90 miles), positions it as a strong investment opportunity in a growing market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,192 SF
Building Class
C
Year Built
2018
Price
$1,742,000
Price Per SF
$545.74
Cap Rate
6.50%
NOI
$113,230
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.24 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
25 Spaces (7.83 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
Property Taxes
| Parcel Number | 103735001005 | Improvements Assessment | $152,160 |
| Land Assessment | $54,900 | Total Assessment | $207,060 |
Property Taxes
Parcel Number
103735001005
Land Assessment
$54,900
Improvements Assessment
$152,160
Total Assessment
$207,060
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