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TravelCenters of America 5101 Quebec St

30,676 SF 100% Leased Retail Building Commerce City, CO 80022 £27,654,449 (£902/SF) 5.50% Net Initial Yield

Investment Highlights

  • TravelCenters of America has successfully operated at this location for over 25 years!
  • 27-acre site with advantageous zoning classification for future use (light industrial)
  • Absolute NNN Ground Lease with a current lease expiration of January 2029 and two automatic 5-year extension options remaining
  • Strong credit backed tenancy with the ground lease with an investment grade credit rating guarantee by BP PLC (S&P: A-)

Executive Summary

CBRE is pleased to exclusively offer a 27-acre, single-tenant, absolute NNN ground lease TravelCenters of America truck stop (“The Property” or “TA”) located in Commerce City, Colorado (Denver MSA). The offering features 4.5 years remaining on the lease term plus two, 5-year automatic renewal options that include 15% rental increases each term.
The Property features a 19,000-square foot freestanding travel center built exclusively for TravelCenters of America and includes three (3) restaurants, two (2) retail stores and a lounge area. TA also includes a 9,000-square foot truck repair garage, fueling facilities and extensive parking. The Property is positioned along Quebec Street just off of I-270, a major industrial trucking transit corridor in the Denver MSA with drive by exposure of over 99,000 vehicles per day, and sits 8 miles northeast of Downtown Denver.
In addition to the structures, the site is zoned I-1 and has extensive trailer parking and visibility making this site irreplaceable given its central Denver location.
TravelCenters of America - Commerce City, Co 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
Sale Condition
Ground Lease Sold
Property Type
Retail
Property Subtype
Truck Stop
Building Size
30,676 SF
Building Class
C
Year Built
1999
Price
£27,654,449
Price Per SF
£902
Net Initial Yield
5.50%
NOI
£1,520,995
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.03
Land Acres
26.49 AC
Parking
404 Spaces (13.17 Spaces per 1,000 SF Leased)

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage
  • Air Conditioning
Bike Score ®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
Wahoo's
Texas de Brazil
TGI Fridays
Bar Louie
Torchy's Tacos
Five Guys
BOK Financial
P F Chang's China Bistro
The Bar Method

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1823-17-1-07-020
Land Assessment
£649,649
Improvements Assessment
£785,586
Total Assessment
£1,435,235
  • Listing ID: 32908408

  • Date on Market: 21/08/2024

  • Last Updated:

  • Address: 5101 Quebec St, Commerce City, CO 80022

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