Cap Rate: 5.50%
NOI: $130,209
Current Occupancy: 100%
Building SF: 2,579 SF
Year Built: 1976
9+ YEARS REMAINING ON AN ABSOLUTE NNN LEASE, ZERO LANDLORD OBLIGATIONS
The lease runs to October 31, 2035, absolute NNN with zero landlord obligations: roof, structure, taxes, insurance and CAM all sit with the tenant. Two automatic five-year renewal terms carry the lease to 2045.
BETWEEN COSTCO, KING SOOPERS, TARGET AND SPROUTS ON HAVANA STREET
Havana Street is Aurora's primary commercial spine at 39,926 vehicles per day. King Soopers sits 0.14 miles north and Costco 0.27 miles south, both on the store's side of the street, with Target and Sprouts anchoring The Gardens on Havana directly
across. Kohl's, Ross, Petco, Ulta, Safeway and Lowe's hold the same corridor.
UNCAPPED CPI ESCALATIONS EVERY FIVE LEASE YEARS, THE LAST RESET WAS +20.9%
Rent resets every five lease years by the trailing five-year total of annual CPI, and both renewal terms reset on the same formula through 2045. The schedule has run $100,000 at signing, $107,700 in 2020 and $130,209 in 2025, up 30.2%, with no cap. Trailing five-year CPI through July 2026 ran 22.3% nationally and 22.4% in Denver-Aurora-Lakewood per BLS.
AKSAN, A FOUR STATE WENDY'S OPERATOR, WITH A PERSONAL GUARANTY
AKSAN United Fortune, Inc. is the Central and Western Colorado division of AKSAN Enterprises, which operates 74 Wendy's across four states through three restaurant entities, per the operator's published profile. The principal has personally guaranteed the lease since 2015, re-ratified in December 2024.