Corp Famous Dave's | 3% Annual Bumps | NNN | 7557 E 36th Ave
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Corp Famous Dave's | 3% Annual Bumps | NNN 7557 E 36th Ave
6,445 SF Retail Building Denver, CO 80238 £4,426,320 (£687/SF) 5.79% Net Initial Yield
Executive Summary
• Superb hedge against inflation with rare, 3% annual rent increases
• Dense and affluent area | Over 123,000 residents with an average HH income exceeding $163,400 within a 1-mile radius
• Signalized, hard corner location with excellent access and visibility to 18,200+ VPD
• Passive investment | NNN lease with zero Landlord responsibilities
• Incredible retail corridor, located in the heart of Quebec Square | A ±209,000 SF shopping center anchored by Home Depot, Walmart
Supercenter, & Sam’s Club
• Walking distance to Central Park train station which opened in 2015 and is 13 minutes from Downtown Denver | The Regional Transportation District (RTD) sees nearly 100MM annual boardings
• Located two blocks from Quebec St which boasts nearly 70,000 VPD
• Adjacent to the Central Park master planned development | One of the nation’s largest redevelopment projects at over 4,700 acres
| Redevelopment of the former Stapleton Airport into a mixed-use, urban infill community | Click here for more info
• About a mile from The Shops at Northfield, one of the largest shopping centers in the Denver area | 1.2MM, open-air retail town center anchored by Target, JCPenney, Macy’s, Bass Pro Shops, and Harkins Theatres
• Proximity to I-70 (162,000 VPD) and I-270 (104,000 VPD)
• 2.5 miles from the Denver Zoo | 2.2MM annual visitors
• BBQ Holdings, Famous Dave’s parent company, was recently purchased for $200MM in 2022 by MTY Food Group | BBQ Holdings is a multi-concept group with 360+ locations while MYT owns 80 brands encompassing nearly 7,000 restaurants in North America
• Dense and affluent area | Over 123,000 residents with an average HH income exceeding $163,400 within a 1-mile radius
• Signalized, hard corner location with excellent access and visibility to 18,200+ VPD
• Passive investment | NNN lease with zero Landlord responsibilities
• Incredible retail corridor, located in the heart of Quebec Square | A ±209,000 SF shopping center anchored by Home Depot, Walmart
Supercenter, & Sam’s Club
• Walking distance to Central Park train station which opened in 2015 and is 13 minutes from Downtown Denver | The Regional Transportation District (RTD) sees nearly 100MM annual boardings
• Located two blocks from Quebec St which boasts nearly 70,000 VPD
• Adjacent to the Central Park master planned development | One of the nation’s largest redevelopment projects at over 4,700 acres
| Redevelopment of the former Stapleton Airport into a mixed-use, urban infill community | Click here for more info
• About a mile from The Shops at Northfield, one of the largest shopping centers in the Denver area | 1.2MM, open-air retail town center anchored by Target, JCPenney, Macy’s, Bass Pro Shops, and Harkins Theatres
• Proximity to I-70 (162,000 VPD) and I-270 (104,000 VPD)
• 2.5 miles from the Denver Zoo | 2.2MM annual visitors
• BBQ Holdings, Famous Dave’s parent company, was recently purchased for $200MM in 2022 by MTY Food Group | BBQ Holdings is a multi-concept group with 360+ locations while MYT owns 80 brands encompassing nearly 7,000 restaurants in North America
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,445 SF
Building Class
B
Year Built
2005
Price
£4,426,320
Price Per SF
£687
Net Initial Yield
5.79%
NOI
£256,284
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Lot Size
1.30 AC
Zoning
B-2, Denver
Parking
57 Spaces (8.84 Spaces per 1,000 SF Leased)
Frontage
141 ft on 36th Ave
Amenities
- Bus Route
- Restaurant
- Signage
- Signalised Intersection
- Wheelchair Accessible
Bike Score ®
Very Bikeable (80)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1282-02-008 | Improvements Assessment | £104,152 |
| Land Assessment | £426,693 | Total Assessment | £530,845 |
PROPERTY TAXES
Parcel Number
1282-02-008
Land Assessment
£426,693
Improvements Assessment
£104,152
Total Assessment
£530,845
Contact
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Corp Famous Dave's | 3% Annual Bumps | NNN | 7557 E 36th Ave
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