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Texas Roadhouse NEC 55th Ave & Olde Wadsworth Blvd 9,200 SF 4-Star Retail Building Arvada, CO 80002 $3,299,000 ($358.59/SF) 4.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Strategically located with access to two key thoroughfares, including Wadsworth Bypass (CO-121), seeing ±70,000 VPD and an on/off exit for I-70
- The area is home to over ±320,000 residents within a 5-mile radius, with an average household income of nearly $108,000
- Property neighbors notable national retailers including Costco Wholesale, Sam’s Club, Lowe’s, Home Depot, Chick-fil-A, Harkins Theatres, & many others
EXECUTIVE SUMMARY
TEXAS ROADHOUSE | Absolute Net Ground Lease | Zero Landlord Responsibilities
15 YEAR PRIMARY TERM | Corporate Guarantee | 2025 Construction
STRONG RENT GROWTH | 2% Annual Increases Starting in Year 6
LONG TERM HISTORY | Tenant has Operated at an Adjacent Location for More Than 20 Years | Tenant is Relocating to Maximize Customer Base and Up-Size to ±9,200 SF
15 YEAR PRIMARY TERM | Corporate Guarantee | 2025 Construction
STRONG RENT GROWTH | 2% Annual Increases Starting in Year 6
LONG TERM HISTORY | Tenant has Operated at an Adjacent Location for More Than 20 Years | Tenant is Relocating to Maximize Customer Base and Up-Size to ±9,200 SF
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
9,200 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$3,299,000
Price Per SF
$358.59
Cap Rate
4.85%
NOI
$160,002
Tenancy
Single
Building Height
1 Story
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 39-141-03-022 | Improvements Assessment | $49,922 |
| Land Assessment | $725,571 | Total Assessment | $775,493 |
PROPERTY TAXES
Parcel Number
39-141-03-022
Land Assessment
$725,571
Improvements Assessment
$49,922
Total Assessment
$775,493
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Texas Roadhouse | NEC 55th Ave & Olde Wadsworth Blvd
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