9771 Hanover Ct E
Commerce City, CO 80640
Blue Rhino Corporation · Industrial Property For Sale

Blue Rhino, a division of Ferrellgas LP, the nation’s second largest provider of propane in the United States, is located at 9771 Hanover Court East in Commerce City, Colorado, also home to industrial users FedEx, Sinclair Oil, Midwest Motor Express, Sala Freightlines, Weyerhauser, Purina, a regional distribution facility for Home Depot, among many. This natural gas refueling facility is just south of Interstate I-76 and north of East 96th Avenue, in the greater Denver Metro Area. It is a central and critical location for servicing the 7 million potential customers of the Intermountain West; including Kansas and Nebraska to the east, Wyoming and Idaho to the north as well as New Mexico to the south. This is only one of nine filling and distribution locations in the U.S. The single tenant industrial asset is comprised of two buildings totaling 14,410 square feet (including 3,500 square feet of mezzanine), one 6,500 square feet and the other containing 4,410 square feet. One building is for canister refurbishment while the other is for filling and palletizing canisters. Blue Rhino, in order to facilitate its operations, must utilize the entire 4.8+ acres of land which includes the improvements and a large tarmac that is an integral part of the property as it is utilized for storage of filled canisters ready to be shipped and empty canisters ready for refurbishment, re-filled and shipped. The property was a build to suit in 1992 and has permitting that is difficult to obtain as well as custom piping and plumbing designed to accommodate this use, which obviously insures the likelihood of continued long term tenancy. The facility ships approximately 1.5 million canisters annually to a wide array of customers including Lowes, Home Depot, C-Stores, among many. The property is within a 20 minute drive of the Denver International Airport and the asset is a perfect investment for an investor looking for a long term hold of a well located, stabilized Net Leased property, with an excellent credit tenant.