Kroger Gas | New Construction | 6482 S Parker Rd
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Kroger Gas | New Construction 6482 S Parker Rd
1,000 SF Retail Building Aurora, CO 80016 £2,871,720 (£2,872/SF) 5% Net Initial Yield
Investment Highlights
- Approximately 20 Years Remaining | Corporate Guaranteed Lease | Established Tenant | Scheduled Rental Increases Long-Term Occupancy for Kroger in Sho
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
- Along Arterial Thoroughfare | East Arapahoe Rd (79,600 VPD) Within Close Proximity to Multiple Apartment Complexes
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Arapahoe Crossings (528,000 SF) | Dense Retail Corridor | Strong National/Credit Tenants | Cornerstar (584,950 SF)
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, corporate guaranteed, Kroger Gas (dba King Soopers) investment property located in Aurora, Colorado (Denver MSA). The tenant ground-leased the site to add a fuel center to their grocery store located in the same center. Kroger has operated their King Soopers’-branded grocery store at this center for over twenty years. The addition of this fuel center demonstrates their long-term commitment to the site. The tenant, Dillon Companies LLC, has approximately 20 years remaining with 5 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Founded in 1883, Kroger ranks as one of the world’s largest retailers with over 1,242 stores in 34 states which generate over 121.1 billion in annual sales.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,000 SF
Building Class
B
Year Built
2024
Price
£2,871,720
Price Per SF
£2,872
Net Initial Yield
5%
NOI
£143,586
Tenancy
Single
Number of Floors
1
Building FAR
0.02
Lot Size
1.12 AC
Zoning
MU-C - Mixed Use Cooridor
Frontage
82 ft on Parker Rd
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 2073-20-3-08-008 | Improvements Assessment | £0 |
Land Assessment | £0 | Total Assessment | £421,748 |
PROPERTY TAXES
Parcel Number
2073-20-3-08-008
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£421,748
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Kroger Gas | New Construction | 6482 S Parker Rd
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