South Metro Denver Restaurant Investment Real Estate - 8.5% Cap Rate - SOLD

This is a sold listing for restaurant investment real estate located in South Metro Denver, Colorado. The property boasts high visibility on Arapahoe Road in Centennial, benefiting from high traffic counts (66,060 cars/day) and strong demographics with 120,000 employees within a three-mile radius. The free-standing building, built in 1997, features a masonry/brick exterior, metal awnings, a drive-through, and an outdoor patio. Site improvements include a 41-space paved parking lot and a monument sign. A franchisee of Dickey's BBQ has occupied the space as a tenant since 2002, operating under a NNN lease with current rent at $26 PSF. The landlord is responsible for structural elements and the roof (replaced in 2013), while the tenant handles parking lot seal coating and striping. The property was listed with an 8.5% cap rate and a Net Operating Income of $107,250.00, with a sale price of $1,261,835.00.