2020 E Bridge St 2,360 SF Retail Building Brighton, CO 80601 £931,872 (£394.86/SF) 6.90% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Irreplaceable location in dense retail trade area with a population of 44,594 within 3 miles
- 2,360-square foot freestanding retail facility with a drive thru
- Initial Lease Expiration March 2029 with one 3-year renewal option
EXECUTIVE SUMMARY
CBRE, Inc. is pleased to exclusively offer a single-tenant Taco Palace located in central Brighton, Colorado (Northeast Denver MSA). The offering is inclusive of a triple-net lease with an existing lease expiration of March 2029 that features annual rent increases in addition to one 3-year renewal option.
The Offering features a 2,360-square foot freestanding retail facility with a drive thru. The Property is positioned along East Bridge Street, a major East-West corridor through the central core of Brighton, Colorado. The location benefits from entrances off of both East Bridge Street and South 20th Avenue with drive by exposure of over 21,856 vehicles per day. The surrounding trade area is primarily built out creating high barriers to entry for competing retailers.
Taco Palace is being offered free and clear of existing debt on an “As-Is/Where Is” basis.
The Offering features a 2,360-square foot freestanding retail facility with a drive thru. The Property is positioned along East Bridge Street, a major East-West corridor through the central core of Brighton, Colorado. The location benefits from entrances off of both East Bridge Street and South 20th Avenue with drive by exposure of over 21,856 vehicles per day. The surrounding trade area is primarily built out creating high barriers to entry for competing retailers.
Taco Palace is being offered free and clear of existing debt on an “As-Is/Where Is” basis.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,360 SF
Building Class
B
Year Built
1977
Price
£931,872
Price Per SF
£394.86
Net Initial Yield
6.90%
NOI
£64,312
Tenancy
Single
Number of Floors
1
Building FAR
0.15
Lot Size
0.37 AC
Zoning
N/Av, Brighton - C-2
Parking
26 Spaces (11.02 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £115,808 | |
| Land Assessment | £30,690 | Total Assessment | £146,498 |
