For Sale
$2,318,000

9001 104Th AveCommerce City, CO 80640

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
116
Exceptional investment opportunity featuring a brand-new, 950-square-foot Dutch Bros. Coffee located at 9001 E 104th Ave, Henderson, CO 80640, within the Denver MSA. This property boasts a 15-year absolute NNN lease, commencing February 17, 2023, and expiring February 28, 2038, with a substantial remaining term of 13.3 years. The lease includes 10% rent bumps every five years and three, five-year renewal options, ensuring consistent income growth. The tenant, Dutch Bros. Coffee, is credit-rated and backed by a corporate guarantee, mitigating risk. The property sits on a 1.32-acre lot and generated a Net Operating Income (NOI) of $121,695 in 2023, resulting in a 5.25% cap rate and a price per square foot of $2,440. The asking price is $2,318,000. This build-to-suit development benefits from high traffic counts (65,000+ vehicles per day) and a strong demographic profile, with over 160,000 residents within a five-mile radius and household incomes exceeding $105,000 within the same radius. The property's location in Commerce City, Colorado, offers easy access to major transportation routes, including Interstates 70 and 270, and proximity to Denver International Airport. Commerce City is experiencing significant growth, with a population of approximately 64,000 residents and a diverse economy encompassing industrial, retail, and residential sectors. This presents a compelling investment opportunity with strong potential for long-term returns. The property is offered fee simple.

Highlights

  • $2,318,000 asking price for a 950 SF Dutch Bros. Coffee, Net Leased property.
  • Absolute NNN lease with a credit-rated corporate guarantee from Boersma Bros, LLC.
  • 15-year lease commencing February 17, 2023, with 13.3 years remaining.
  • 5.25% cap rate and $121,695 annual NOI.
  • 10% rent increases every five years, with three, five-year renewal options.

Property Details for 9001 104Th Ave

Property type
Retail properties
Square Feet
950 SF
Year Built
2023
Lot Size (sq. ft)
57,499 SF

Location Insight

City
Commerce City
County
Adams
State
Colorado
Latitude
39.8859448
Longitude
-104.8828498
9001 104Th Ave, Commerce City, Colorado

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9001 104Th Ave
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