500 Airport Blvd Aurora, CO 80017

This exceptional investment opportunity presents a newly constructed Popeyes restaurant situated on a 0.84-acre lot at 500 S Airport Blvd, Aurora, CO 80017. The property boasts a 2,297 square foot building constructed in 2024 and features a 20.1-year triple-net (NNN) ground lease with a commencement date of April 1, 2024, and an expiration date of April 27, 2044. The lease includes a remaining term of 19.4 years and four 5-year renewal options, potentially extending the lease to 40 years. Rent increases are set at 2% annually throughout the lease term, including option periods. The property generates a Net Operating Income (NOI) of $175,000, resulting in a 5.08% cap rate. The tenant, Popeyes, is operated by The Dhanani Group, a prominent franchisee with over 2,000 QSR businesses and a revenue exceeding $1.7 billion. This prime location in Aurora, Colorado, benefits from exceptional traffic counts (approximately 49,962 cars daily on S Airport Blvd and 32,117 cars daily on E Alameda Pkwy), and is situated near Buckley Yard, a new master-planned community, and other major businesses including Raytheon, Amazon, and McDonald's. The property's strong tenant, long-term lease, and attractive location make it an ideal investment for long-term growth. The asking price is $3,446,019. The property's Arapahoe County APN is 1975-16-2-19-002. The property is currently 100% occupied.