This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Chipotle 5560 Tower Rd

2,313 SF Retail Building Denver, CO 80249 £3,599,270 (£1,556/SF) 4.50% Net Initial Yield

Investment Highlights

  • Brand New 15-Year Corporate Absolute NNN Lease to Chipotle (NYSE: CMG)
  • Prominent Retail Location in Rapidly Growing Area of Denver: 20,000+ New Residential Units in Development Pipeline
  • Adjacent to Proposed Link 56 Mixed-Use Development - Super Target Anchored Retail Center and 2,000 Apartment & Townhome Units
  • Strong Corporate Guarantee from Publicly Traded Company - Market Capitalization of $71.86 Billion
  • Neighbors #1 CO Locations of Walmart Supercenter & Walmart Neighborhood Market per Placer.Ai
  • 10 Miles from Denver International Airport: 3rd Busiest Airport in U.S. – 78 Million Passengers per Year

Executive Summary

The subject property is prominently located with excellent access and visibility along Tower Road (24,948 VPD) and East 56th Street (29,060 VPD) approximately 1.5 miles from the Pena Blvd arterial (115,000 AADT). The site benefits from robust demographics with a population of 128,818 within a five mile radius. The annual growth rate within 1 mile of the site is 5.41% and average household income within that radius is $122,991.
The site benefits from a prominent retail location in close proximity to shopping centers, employers, and major retail tenants. The site is located approximately 10 miles from Denver International Airport, the largest airport in the U.S. and second-largest airport by land area in the world. The airport is the largest employer in Colorado with approximately 40,000 employees and the third-busiest airport in the United States, serving approximately 78 million passengers each year. The property also neighbors the Buckley Space Force Base, with an estimated economic impact of $2.55 billion annually.
This property is listed in conjunction with Colorado-licensed real estate broker Legend Partners.

Property Facts

Sale Type
Investment NNN
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,313 SF
Building Class
B
Year Built
2024
Price
£3,599,270
Price Per SF
£1,556
Net Initial Yield
4.50%
NOI
£161,967
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Lot Size
0.68 AC

Amenities

  • Pylon Sign
  • Drive Thru

Nearby Major Retailers

Sprouts Farmers Market
Corner Bakery Cafe
First Bank
Natural Grocers
King Soopers
U.S. Bank
Bank of America
Rusty Taco
Starbucks
Huntington National Bank
  • Listing ID: 32990236

  • Date on Market: 28/08/2024

  • Last Updated:

  • Address: 5560 Tower Rd, Denver, CO 80249

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}