Cap Rate: 5.60%
NOI: $130,209
Current Occupancy: 100%
Building SF: 3,284 SF
Year Built: 2002
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.
HARD SIGNALIZED CORNER AT 58TH & INDEPENDENCE, OFF KIPLING
A hard corner fronting the signalized intersection on two sides just off Kipling Street, the connector to I-70. The King Soopers center across the intersection, 95,236 square feet, is owned by Brixmor Property Group (NYSE: BRX) with no space listed
available.
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.