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1255 Havana StAurora, CO 80010
Wendy's - Aurora, CO
Asset ClassRetail
Cap Rate5.5%
Deal Size: $2.37 MRetail SF: 2,579Year Renovated: 2012Access Data Room
Absolute NNN Lease | Dense Retail Corridor
overview of deal

Overview

Cap Rate: 5.50%

NOI: $130,209

Current Occupancy: 100%

Building SF: 2,579 SF

Year Built: 1976

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Investment Highlights

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.

 

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1255 Havana StAurora, CO 80010

Sales Team

Drew IsaacSenior Managing Director Investments(303) 328-2048drew.isaac@marcusmillichap.com
Adam LewisBroker of Record

License #: ER.100091205

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