For Sale
$1,360,000

10535 Parker Rd Parker, CO 80134

High-yield Pizza Hut; strong tenant; prime location.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents the chance to acquire a fee-simple interest in a 4,190-square-foot, freestanding Pizza Hut located at 10535 S Parker Rd, Parker, CO 80134. The property boasts a 6.75% cap rate and a strong 15-year absolute NNN lease with a creditworthy franchisee operator. The tenant, an experienced franchisee with over 140 locations and 3,000+ employees, will commence a new lease upon closing, featuring 1.5% annual rent increases and four 5-year renewal options. The property underwent a $200,000 renovation in 2024, and benefits from an additional $60,000 in capital expenditures over the past two years. Situated on a 0.58-acre lot, this Pizza Hut enjoys excellent visibility in a dense retail corridor with over 50,500 vehicles passing daily. Its proximity to the Parker Pavilions shopping center, ranked among the top 4% of most visited shopping centers nationally, further enhances its appeal. The property benefits from a rapidly growing residential market projected to expand by 27%, and its location just 20 miles southeast of downtown Denver adds to its long-term investment potential. The Net Operating Income (NOI) is $91,805. This is a sale-leaseback transaction. The building was constructed in 1984. This is a single-tenant property with 100% occupancy.

Highlights

  • $1,360,000 asking price for a 4,190 SF Pizza Hut in Parker, CO.
  • Absolute NNN lease with a creditworthy franchisee (Grand Mere Restaurant Group, 140+ locations).
  • 15-year lease term with 1.5% annual rent increases and four 5-year options.
  • 6.75% cap rate with a $91,805 NOI.
  • 100% occupancy.
  • Recently renovated ($200,000) in 2024.

Property Details for 10535 Parker Rd

Property type
Retail properties
Square Feet
4,190 SF
Year Built/Renovated
1984/2024
Lot Size (sq. ft)
25,265 SF

Location Insight

City
Parker
County
Douglas
State
Colorado
Latitude
39.5251622
Longitude
-104.7667358

FAQs

What type of property is this?
Retail property - High-yield Pizza Hut; strong tenant; prime location.
Where is the retail property located?
The property is located at 10535 Parker Rd Parker, CO.
What is the asking price?
The asking price for this property is $1,360,000.
What are key features of this property?
This property features: $1,360,000 asking price for a 4,190 SF Pizza Hut in Parker, CO.; Absolute NNN lease with a creditworthy franchisee (Grand Mere Restaurant Group, 140+ locations).; 15-year lease term with 1.5% annual rent increases and four 5-year options.
How can I contact the broker?
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10535 Parker Rd
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