500 Airport BlvdAurora, CO 80017

Property Details for 500 Airport Blvd

Year built

2024

Lot size

0.84 AC

Property size (Sq ft)

2,297 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a newly constructed, 2,297 square foot Popeyes restaurant situated on a 0.84-acre lot in Aurora, Colorado. The property boasts a 20-year triple-net (NNN) ground lease with zero landlord responsibilities, commencing April 2, 2024, and expiring April 28, 2044. The lease includes four 5-year renewal options, potentially extending the lease term to 40 years. Annual rent increases of 2% are built into the lease, ensuring consistent income growth. The property's strong location in a high-traffic area of Aurora, adjacent to Buckley Yard, a new 295-unit residential development, and near other major retailers such as Raytheon, Amazon, and McDonald's, guarantees high visibility and customer traffic. The tenant, a top-three national franchisee with over $1.7 billion in revenue, operates a significant portfolio of quick-service restaurants, demonstrating financial strength and stability. The property's net operating income (NOI) is $175,000, resulting in a 5.08% cap rate. The asking price is $3,446,019. This investment offers a compelling combination of a secure, long-term lease, a strong tenant, and a prime location in a rapidly growing area. The property's address is 500 S Airport Blvd, Aurora, CO 80017, Arapahoe County. The parcel number is 1975-16-2-19-002. The building was constructed in 2024. The property is currently 100% occupied.

Location Insight

City

Aurora

County

Arapahoe

State

Colorado

Latitude

39.7073

Longitude

-104.79

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