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9111 E 40th Ave 1,635 sq ft Retail Property Denver, CO 80238 £3,738,877 (£2,286.77/sq ft)
INVESTMENT HIGHLIGHTS
- Wendy’s Properties, LLC signed a new 25-year ground lease with rent commencing November 2022, exemplifying their strong commitment to the site.
- Lease features 10% rent increases every 5 years in the primary term and options, providing a hedge against inflation.
- Zero landlord responsibilities for operating or capital expenses.
- Wendy’s is ideally situated at the high-visibility, signalized intersection of 40th Ave and Central Park Blvd, over 20,000 combined daily vehicles
EXECUTIVE SUMMARY
9111 E 40th Ave presents a prime investment opportunity. The subject site features a 1,635 square foot, new construction building with “Y Drive-Thru” situated on 24,684 square feet of land, directly next to I-70, Colorado’s main east-west highway. The property is located in the “Runway South” development in the coveted central park neighborhood adjacent to Chick-Fil-A (under construction), QuikTrip, Cracker Barrel, Andy’s Frozen Custard, Fairfield Inn, Super Star Car Wash and many others.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Property Size
1,635 sq ft
Costar Property Class
B
Year Built
2023
Price
£3,738,877
Price per sq ft
£2,286.77
Tenancy
Single
Number of Floors
1
Plot ratio
0.05
Total Plot Size
0.78 ac
Use Class
M-IMX-12 - Commercial Retail
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1223-00-079 | Improvements Assessment | £0 |
| Land Assessment | £1,580,954 | Total Assessment | £1,580,954 |
PROPERTY TAXES
Parcel Number
1223-00-079
Land Assessment
£1,580,954
Improvements Assessment
£0
Total Assessment
£1,580,954
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9111 E 40th Ave
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