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Freddy's Frozen Custard & Steakburgers 2203 Prairie Center Pky 3,050 SF Retail Building Brighton, CO 80601 $3,274,336 ($1,073.55/SF) 5.65% Cap Rate
Investment Highlights
- Located within the Denver MSA in an affluent and rapidly expanding area
- 10% rental increases every five years
- Rapidly expanding area with projected 6.9% annual population growth within a mile
- Long term 20-year lease
- Absolute triple net lease with no landlord responsibilities
- Affluent area with average annual household income of approximately $140,000 within five miles
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,050 SF
Year Built
2021
Price
$3,274,336
Price Per SF
$1,073.55
Cap Rate
5.65%
NOI
$185,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.97 AC
Frontage
42,322’ on Prairie Center Pky
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Triple Net
- -
Freddy grew up on a farm near Colwich, Kansas, just outside of Wichita. After finishing high school, Freddy enlisted in the U.S. Army, serving in the Pacific Rim region during World War II. A self-proclaimed “regular guy”, he was awarded the Purple Heart for injuries sustained during service, as well as a Bronze Star for valor. Freddy then returned to Kansas, started a family, worked hard in the hospitality industry for 56 years, and raised six children with his wife, Norma Jean. Freddy's family values and patriotic service to his country is the foundation of Freddy's Frozen Custard and Steakburgers®, and these values have inspired them to do everything The Freddy's Way.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Triple Net | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1569-21-1-02-036 | Improvements Assessment | $173,570 |
| Land Assessment | $218,180 | Total Assessment | $391,750 |
Property Taxes
Parcel Number
1569-21-1-02-036
Land Assessment
$218,180
Improvements Assessment
$173,570
Total Assessment
$391,750
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