14950 E 104th Ave
Commerce City, CO 80022
Dairy Queen · Retail Property For Sale

The offering provides the opportunity to acquire a newly constructed Dairy Queen located in Commerce City, CO, a northern suburb of Denver. The lease features a 20-year absolute NNN term with three 5-year options to extend and 10% increases in the base term and options. The store is currently under construction with a rent commencement date of October 1, 2019, and an estimated opening date of December 1, 2019. The Subject Property is located on East 104th Avenue, which sees approximately 19,859 VPD. It is directly across the street from a King Soopers anchored shopping center that also includes McDonald’s, Starbucks, AutoZone Auto Parts, Jimmy John’s, and more. Other retailers/restaurants in immediate proximity include Popeyes Louisiana Kitchen, Dion’s, Walgreens, Taco Bell, and Pizza Hut. Dairy Queen is also located within approximately 2 miles of three elementary schools, one middle school, and one high school. Denver International Airport, which is the world’s 20th-busiest and the United State’s 5th-busiest airport, is located 12 miles southeast of the subject property. The airport saw over 64.5 million passengers in 2018 and is a key economic engine for Colorado, generating more than $26 billion for the region annually, as well as supporting nearly 190,000 jobs. Within a 5-mile radius of the subject property, there are 37,683 residents with average household incomes exceeding $108k.