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Torchy's Tacos - 13 Yr Abs NNN 7381 W Alameda Ave 5,323 SF Retail Building Lakewood, CO 80226 $4,950,000 ($929.93/SF) 6% Cap Rate
Investment Highlights
- Absolute NNN Lease with Approximately 13 Years Remaining on Lease Term
- 10% Rental Increases Every 5 Years - 6.60% Cap in 2 Years
- Directly Across from Belmar, an Outdoor Dining, Shopping, and Arts District Home to 80+ Stores and Restaurants
- Visible to Over 95,000 Cars Per Day via W Alameda Ave and S Wadsworth Blvd
- Dense Trade Area in the Denver MSA - ±380,664 Residents in the Surrounding Area
- Centrally Located within a 15-Minute Drive of Downtown Denver, Colorado School of Mines (±8,050 Students), & Denver Federal Center (±623 Acre Campus)
Executive Summary
Torchy’s Tacos was founded in Austin, Texas in 2006 by former corporate chef Michael Rypka, who was inspired by a love for tacos and a passion for experimenting with food to bring an untraditional taco experience to the people of Texas.
The City of Lakewood is the fifth-largest city in the state of Colorado, situated within the Denver metropolitan area. Home to the W light rail line, Lakewood offers numerous opportunities for commercial and residential development with easy access to several major freeways.
The City of Lakewood is the fifth-largest city in the state of Colorado, situated within the Denver metropolitan area. Home to the W light rail line, Lakewood offers numerous opportunities for commercial and residential development with easy access to several major freeways.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,323 SF
Building Class
B
Year Built/Renovated
1972/2024
Price
$4,950,000
Price Per SF
$929.93
Cap Rate
6%
NOI
$297,023
Tenancy
Single
Building Height
1 Story
Slab To Slab
13’
Building FAR
0.16
Lot Size
0.77 AC
Zoning
PD, Lakewood
Frontage
Amenities
- Pylon Sign
- Restaurant
- Signage
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-114-06-126 | Improvements Assessment | $138,070 |
| Land Assessment | $249,002 | Total Assessment | $387,072 |
Property Taxes
Parcel Number
49-114-06-126
Land Assessment
$249,002
Improvements Assessment
$138,070
Total Assessment
$387,072
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Torchy's Tacos - 13 Yr Abs NNN | 7381 W Alameda Ave