7407 E 36th Ave
Denver, CO 80238
Quebec Square - Former Country Buffet · Retail Property For Sale

Marcus & Millichap is pleased to present a corporate guaranteed Country Buffet located on 36th street in Denver, Colorado. OCB Restaurant Co. (the tenant) is owned by Ovation Brands, Inc., which owns 328 restaurants in the United States. The guarantor on the lease is Ovation Brands, Inc. This investment opportunity allows a buyer to acquire a fantastic piece of real estate with a corporate HomeTown Buffet lease in place. The lease is a true triple-net lease with no landlord obligations. Over eight years remain on the base term of the lease with 10 percent rental escalations every five years with the next bump to occur in 2018. The subject site sits on a strong retail out-pad to a Walmart shopping center. The shopping center sits on a busy corner at Quebec Street and East Smith Road. The shopping center benefits from over 56,000 vehicles per day passing by on Quebec Street. The site sits on 1.44 acres and has 8,613 rentable square feet inside the building. Other retailers in the shopping center are: Panera Bread, IHOP, Arby' s, Famous Daves, Panda Express, Home Depot, Walmart, Office Depot, Ross, Sam' s Club, Big 5 Sporting Goods, Petsmart, At&t, Payless Shoes, Tires Plus and Famous Footwear.