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Benihana 515 Zang St 8,921 SF Retail Building Broomfield, CO 80021 $4,511,000 ($505.66/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Benihana – Corporate Lease (Build to Suit) – Acquired by The One Group (NASDAQ: STKS) in 2024 for $365 Million – $1 Billion is Combined Revenue (2024)
- 6% Rental Increases Scheduled Every 2-3 Years inclusive of Remaining Option Periods
- In 2020, Benihana Exercised both their 1st & 2nd Option Periods Simultaneously – 20 Year Successful Operating History
- 6 Years Remaining on a Modified NNN Lease – Passive Ownership Opportunity – Roof Replaced in 2014
- Adjacent to 1.5 Million SF Flatiron Crossing Regional Mall – Surrounded by 6 Major Hotel Chains & Corporate Office Presence (Crocs, Vail Resorts, GoGo
- Ranked in Top 33% Nationally for Benihana in Terms of Customer Visits (Source: Placer.ai)
EXECUTIVE SUMMARY
Lee & Associates is pleased to exclusively present the opportunity to acquire a well-established Benihana restaurant located at 515 Zang Street in Broomfield, Colorado, within the dynamic Denver MSA. The 8,921-square-foot building is situated on a 0.38-acre parcel within the Main Street Complex and directly adjacent to the 1.5 million-square-foot Flatiron Crossing Regional Mall.
Positioned between Denver and Boulder, Broomfield has experienced strong population growth and is a magnet for corporate headquarters, including Crocs, Ball Corporation, and Vail Resorts. The immediate area features six surrounding hotels and a concentration of office users, which drive consistent traffic to the subject property. Average household incomes exceed $130,000 within a one-mile radius, and the region continues to benefit from spillover demand due to high barriers to entry in both Denver and Boulder. With its irreplaceable location, established tenancy, and strong lease fundamentals, this offering provides investors with durable income in a high-growth, supply-constrained market.
Positioned between Denver and Boulder, Broomfield has experienced strong population growth and is a magnet for corporate headquarters, including Crocs, Ball Corporation, and Vail Resorts. The immediate area features six surrounding hotels and a concentration of office users, which drive consistent traffic to the subject property. Average household incomes exceed $130,000 within a one-mile radius, and the region continues to benefit from spillover demand due to high barriers to entry in both Denver and Boulder. With its irreplaceable location, established tenancy, and strong lease fundamentals, this offering provides investors with durable income in a high-growth, supply-constrained market.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
8,921 SF
Building Class
B
Year Built
2002
Price
$4,511,000
Price Per SF
$505.66
Cap Rate
7.25%
NOI
$327,048
Tenancy
Single
Building Height
1 Story
Building FAR
0.54
Lot Size
0.38 AC
Zoning
PUD, Broomfield
Parking
75 Spaces (5.1 Spaces per 1,000 SF Leased)
Frontage
143’ on Zang St
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1575-32-1-24-003 | Improvements Assessment | $550,900 |
| Land Assessment | $70,760 | Total Assessment | $621,660 |
PROPERTY TAXES
Parcel Number
1575-32-1-24-003
Land Assessment
$70,760
Improvements Assessment
$550,900
Total Assessment
$621,660
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Benihana | 515 Zang St
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