19731 Parker Square DrParker, CO 80134

Property Details for 19731 Parker Square Dr

Year built

2024

Lot size

0.51 AC

Property size (Sq ft)

624 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 624 square-foot Ziggi's Coffee location in Parker, Colorado. The property boasts a double drive-thru, situated on a 0.51-acre lot, and is part of a rapidly expanding area within the Denver MSA. A new 20-year absolute NNN lease with Ziggi's Coffee Franchise LLC, commencing August 1, 2024, and expiring August 31, 2044, provides significant long-term stability. The lease includes six, five-year renewal options with a 7.5% rent increase at each option period, ensuring consistent income growth. The current annual net operating income (NOI) is $169,500, resulting in a 5.99% capitalization rate. The property's construction is anticipated to be completed in late summer 2024. Ziggi's Coffee, a nationally recognized coffee chain with over 100 locations and significant expansion plans, guarantees the lease, demonstrating confidence in the location and future growth potential. Parker, Colorado, is a thriving community with a population exceeding 64,000 and is part of the 2.9 million-person Denver Metropolitan Statistical Area (MSA), a market experiencing substantial population growth. This property offers a compelling combination of a strong tenant, a long-term lease, and a prime location in a high-growth market, making it an ideal investment for discerning buyers. The asking price is $2,830,769, translating to a price per square foot of $4,536.49.

Location Insight

City

Parker

County

Douglas

State

Colorado

Latitude

39.509

Longitude

-104.76

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