For Sale
$3,968,650

1491 Havana StAurora, CO 80012

High-traffic Aurora Red Robin, strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional investment opportunity presents a fee-simple, 7,300 square foot Red Robin restaurant located on a 0.83-acre lot in Aurora, Colorado. The property boasts a prime location as a Costco outparcel, benefiting from significant traffic generated by the adjacent Costco Wholesale (~2.5 million annual visits). Situated in Aurora's strongest retail corridor, the Havana Retail District, this single-tenant, Class A property enjoys a high-traffic signalized corner location with over 53,000 vehicles passing daily. The area features numerous national retailers including Target, Kohl's, Dick's Sporting Goods, and more, along with the Fitzsimons Medical Campus and Town Center at Aurora mall. The Absolute NNN ground lease with Red Robin (NASDAQ: RRGB) includes a corporate guarantee and features three, 5-year lease options with 10% rent bumps in each option period. The current lease term extends until November 30, 2029, providing a remaining term of 5 years. Built in 2005, this one-story building offers a strong NOI of $250,025 and a 6.30% cap rate, with an asking price of $3,968,650 ($543.65/sq ft). The property's proximity to Buckley Space Force Base (7 miles) further enhances its value, given the base's significant economic impact on Aurora. The low vacancy rate of 3.7% in the Central Aurora submarket underscores the strength of this investment. This is a rare opportunity to acquire a well-positioned, passively managed, and highly profitable retail investment.

Highlights

  • Costco Outparcel location with high traffic; approximately 2.5 million annual visits (Placer.ai).
  • Strong retail trade area near major retailers including Target, Kohl's, Dick's Sporting Goods, and a large medical campus.
  • High-traffic signalized corner with over 53,000 vehicles daily.
  • Located in Aurora's strongest retail corridor, the Havana Retail District.
  • Central Aurora submarket with low 3.7% vacancy rate (Q1 2024).
  • Seven miles from Buckley Space Force Base, contributing $2.55 billion to Aurora's economy in 2023.

Property Details for 1491 Havana St

Property type
Retail properties, Restaurants
Square Feet
7,300 SF
Class
A
Year Built
2005
Buildings
1
Stories
1
Lot Size (sq. ft)
36,155 SF
Units
1

Location Insight

City
Aurora
County
Arapahoe
State
Colorado
Latitude
39.6898153
Longitude
-104.8665014
1491 Havana St, Aurora, Colorado

FAQs

What type of property is this?
Retail property - High-traffic Aurora Red Robin, strong ROI
Where is the retail property located?
The property is located at 1491 Havana St Aurora, CO.
What is the asking price?
The asking price for this property is $3,968,650.
What are key features of this property?
This property features: Costco Outparcel location with high traffic; approximately 2.5 million annual visits (Placer.ai).; Strong retail trade area near major retailers including Target, Kohl's, Dick's Sporting Goods, and a large medical campus.; High-traffic signalized corner with over 53,000 vehicles daily.
How can I contact the broker?
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1491 Havana St
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