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9600 W 58th AveArvada, CO 80002
Wendy's - Arvada, CO
Asset ClassRetail
Cap Rate5.6%
Deal Size: $2.33 MRetail SF: 3,284Year Renovated: 2022Access Data Room
Absolute NNN Lease | Hard Corner
overview of deal

Overview

Cap Rate: 5.60%

NOI: $130,209

Current Occupancy: 100%

Building SF: 3,284 SF

Year Built: 2002

Access the Data Room

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.

 

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.

 

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9600 W 58th AveArvada, CO 80002

Sales Team

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

License #: ER.100091205

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