For Sale
$4,600,000

5560 Tower Rd Denver, CO 80249

High-growth Denver location, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a brand-new, 2,313 square foot Chipotle restaurant situated on a 0.68-acre lot in Denver, Colorado. The property boasts a 15-year absolute net lease (NNN) with a prominent, publicly traded company (NYSE: CMG), providing a strong corporate guarantee and significant market capitalization. The lease commenced July 30, 2024, and includes 10% rent bumps every five years, ensuring consistent income growth. The property's strategic location along Tower Road (24,948 vehicles per day) and East 56th Street (29,060 vehicles per day), approximately 1.5 miles from Pena Blvd (115,000 AADT), offers excellent visibility and accessibility. The surrounding area demonstrates robust demographics, with a population of 128,818 within a five-mile radius, a 5.41% annual growth rate within one mile, and an average household income of $122,991 within the same radius. This prime retail location is near major shopping centers, employers, and other significant retail tenants, further enhancing its value. Its proximity to Denver International Airport (10 miles) and Buckley Space Force Base contributes to the area's strong economic activity. The property also benefits from its adjacency to a proposed mixed-use development including a Super Target and numerous residential units. The asking price is $4,600,000, representing a 4.50% cap rate and a NOI of $207,000. The property was built in 2024. This is a rare opportunity to acquire a high-performing, net-leased asset in a rapidly growing market.

Highlights

  • Brand new 15-year absolute triple-net (NNN) lease to Chipotle (NYSE: CMG).
  • Strong corporate guarantee from publicly traded Chipotle, market cap $71.86B.
  • Excellent retail location in rapidly growing Denver area, with over 20,000 new residential units planned.
  • Located near top-performing Walmart Supercenter and Neighborhood Market.
  • Adjacent to proposed Link 56 mixed-use development, including a Super Target and 2,000 residential units.
  • Conveniently located 10 miles from Denver International Airport (DIA), the 3rd busiest airport in the US.

Property Details for 5560 Tower Rd

Property type
Retail properties, Restaurants
Square Feet
2,313 SF
Year Built
2024
Lot Size (sq. ft)
29,621 SF

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.7972231
Longitude
-104.7711799

FAQs

What type of property is this?
Retail property - High-growth Denver location, strong tenant.
Where is the retail property located?
The property is located at 5560 Tower Rd Denver, CO.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: Brand new 15-year absolute triple-net (NNN) lease to Chipotle (NYSE: CMG).; Strong corporate guarantee from publicly traded Chipotle, market cap $71.86B.; Excellent retail location in rapidly growing Denver area, with over 20,000 new residential units planned.
How can I contact the broker?
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5560 Tower Rd
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