This exceptional investment opportunity presents a newly constructed, 2,297 square foot Popeyes restaurant situated on a 0.84-acre lot in Aurora, Colorado. The property boasts a 20-year triple-net (NNN) ground lease with zero landlord responsibilities, commencing April 2, 2024, and expiring April 28, 2044. The lease includes four 5-year renewal options, potentially extending the lease term to 40 years. Annual rent increases of 2% are built into the lease, ensuring consistent income growth. The property's strong location in a high-traffic area of Aurora, adjacent to Buckley Yard, a new 295-unit residential development, and near other major retailers such as Raytheon, Amazon, and McDonald's, guarantees high visibility and customer traffic. The tenant, a top-three national franchisee with over $1.7 billion in revenue, operates a significant portfolio of quick-service restaurants, demonstrating financial strength and stability. The property's net operating income (NOI) is $175,000, resulting in a 5.08% cap rate. The asking price is $3,446,019. This investment offers a compelling combination of a secure, long-term lease, a strong tenant, and a prime location in a rapidly growing area. The property's address is 500 S Airport Blvd, Aurora, CO 80017, Arapahoe County. The parcel number is 1975-16-2-19-002. The building was constructed in 2024. The property is currently 100% occupied.
Highlights
Prime Aurora location adjacent to Buckley Yard (295-unit residential development) and 218 new residential units. High traffic counts (S Airport Blvd: ~50,000 CPD, E Alameda Pkwy: ~32,000 CPD), surrounded by strong retail, industrial, and military tenants (Raytheon, Buckley AFB, Amazon, etc.).
New 20-year NNN ground lease with 2% annual rent increases and four 5-year renewal options (40-year potential).
Tenant: Dhanani Group, a top 3 US franchisee (2024 Multi-Unit Franchisee Magazine), operating over 2,000 QSR & convenience stores, with over $1.7B in revenue (2023 Franchise Times).
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Contacts
Jason Fefer
Tyler Bindi
Robert Narchi
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500 Airport Blvd, Aurora, Colorado, 80017
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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500 Airport Blvd
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