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8555 S Quebec St
Highlands Ranch, CO 80130
On The Border · Retail Property For Sale
Investment Highlights
- Absolute NNN Lease with roughly 80+ On the Border locations (60 company-owned, 20 franchised in the U.S. and South Korea) by OTB Acquisition LLC
- Nearby National Tenants: Surrounded by major retailers including Sam's Club, Walmart Supercenter, King Soopers, Kohl's, The Home Depot, Etc.
- High Traffic Counts: Traffic Count along S Quebec St is ±40,000 VPD
- Prime Location: Situated in Highlands Ranch, a high-income and dense residential Denver suburb with strong retail demand.
- Demographics: Affluent and dense trade area with average household income exceeding $153,000 in 1-mile and population exceeding 221,000 in 5-miles.
- Access: Convenient and Easy Access to CO-470 and major commuter routes. Traffic Count on CO-470 is 115,000.
Executive Summary
On The Border Mexican Grill & Cantina is a nationally recognized casual dining brand specializing in Tex-Mex cuisine. This property offers an investment opportunity with an Absolute NNN lease situated on 2.95 acre parcel, minimal landlord responsibilities, and strong surrounding demographics in one of Denver’s most affluent suburbs.
Highlands Ranch is one of Denver’s most desirable suburbs, known for its affluent population, strong retail presence, and excellent connectivity via C-470. The property benefits from dense residential neighborhoods and proximity to major retail corridors.
Pappas Portfolio: Pappas Restaurants operates Pappasito's Cantina, among several other successful restaurant brands. Pappas Restaurants acquired On The Border through its subsidiary "OTB Acquisition LLC" making Pappas Restaurants a major player in casual Mexican dining. Pappas Restaurants' goal is to invest in and modernize On The Border while keeping its core Tex-Mex identity. The company said it will explore ways to enhance On the Border menu, operations and guest experience to "strengthen and modernize the system." It will not change On the Border's value-driven approach or "lively welcoming environments".
Highlands Ranch is one of Denver’s most desirable suburbs, known for its affluent population, strong retail presence, and excellent connectivity via C-470. The property benefits from dense residential neighborhoods and proximity to major retail corridors.
Pappas Portfolio: Pappas Restaurants operates Pappasito's Cantina, among several other successful restaurant brands. Pappas Restaurants acquired On The Border through its subsidiary "OTB Acquisition LLC" making Pappas Restaurants a major player in casual Mexican dining. Pappas Restaurants' goal is to invest in and modernize On The Border while keeping its core Tex-Mex identity. The company said it will explore ways to enhance On the Border menu, operations and guest experience to "strengthen and modernize the system." It will not change On the Border's value-driven approach or "lively welcoming environments".
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,076 SF
Building Class
B
Year Built
1995
Price
$1,595,000
Price Per SF
$262.51
Cap Rate
7.15%
NOI
$114,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.95 AC
Zoning
PDU - “PD” Planned Development District; within “PA-73” (Planning Area 73) of the Highlands Ranch Planned Development—Town Center Planning Area.
Parking
149 Spaces (24.52 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Restaurant
Property Taxes
| Parcel Number | 2231-051-02-019 | Improvements Assessment | $156,950 |
| Land Assessment | $383,500 | Total Assessment | $540,450 |
Property Taxes
Parcel Number
2231-051-02-019
Land Assessment
$383,500
Improvements Assessment
$156,950
Total Assessment
$540,450
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