8775 Washington StThornton, CO 80229

  • Drive through restaurants
  • 2,960 SF
For Sale
$2,091,000 View listing

Property Details for 8775 Washington St

Year built
2004
Lot size
1.08 AC
Property size (Sq ft)
2,960 SF
Property type
Drive through restaurants
APN
R0150968
APU
R0150968

Description

This exceptional investment opportunity presents a 2,960 square foot Dunkin' located at 8775 Washington St, Thornton, CO 80229. The property sits on a 1.08-acre lot with 48 parking spaces and boasts a prominent drive-thru. Currently operating under an absolute NNN lease with Sizzling Donuts, LLC, backed by a corporate guarantee from Sizzling Platter, LLC, a large and experienced multi-brand franchisee with over 750 locations nationwide. The lease commenced January 1, 2021, and extends to December 31, 2030, with two, five-year renewal options, each including a 10% rent increase. The property enjoys a 100% occupancy rate, generating a Net Operating Income (NOI) of $113,960, resulting in a 5.45% cap rate. This high-performing location ranks in the 93rd percentile for annual foot traffic among all Colorado Dunkin' locations, situated on a busy thoroughfare with over 30,000 vehicles per day. Its strategic location is further enhanced by its proximity to a Walgreens and a Walmart-anchored shopping center. The property benefits from a strong tenant history, having operated successfully for 11 years prior to the recent lease extension. This is a rare opportunity to acquire a well-established, high-performing Dunkin' in a prime Thornton location, offering significant long-term investment potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,039,610
    6.5%
    $959,640
    7%
    $891,094
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,958,696
    Geo Method
    $616,279
  • Alternative Use

    Use
    Valuation
    Residential
    $809,492
    Hospitality
    $741,490
    Educational
    $616,911
    Medical
    $638,128
    Retail
    $959,640

Location Insight

City
Thornton
County
Adams
State
Colorado
Latitude
39.8552
Longitude
-104.979
CBSA code
19740
CBSA name
DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$39,894
$164,780
$197,330
$362,110
-
$590,625
$707,275
$1,297,900

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