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 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.

Location Insight

City

Aurora

County

Arapahoe

State

Colorado

Latitude

39.7073

Longitude

-104.79

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