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9099 S Woodman WayParker, CO 80134
Come Sit Stay Pet Resorts
Asset ClassRetail
Deal Size$3.6 M
Cap Rate: 7%Square Feet: 11,091Access Data Room
LONG TERM PASSIVE LEASE | 17 YEARS REMAINING
overview of deal

Overview

Price: $3,600,000

Cap Rate: 7.00%

Square Feet: 11,091

Year Built: 2009

 

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Investment Highlights

  • LONG TERM PASSIVE LEASE - 17 years left on a NN lease with limited landlord responsibilities. Lease has 10% rent increases every 5 years, with the next scheduled in 2027.
  • DOMINANT RETAIL CORRIDOR - Situated just off the intersection of Parker Rd. and E470 (105,000+ combined VPD). The property is across the street from the #1 Costco in Colorado- attracting 2.9 million annual visits. It is also down the street from the #6 King Soopers in CO that sees 1.9 million annual visits. Trader Joe’s, Lifetime Fitness, Chick-fil-A, Raising Cane’s, and additional highly desired retailers also occupy this intersection.
  • SYNERGISTIC NEARBY TENANCY - Less than a mile from two of Colorado’s most visited veterinary hospitals. Animal Emergency & Specialty Care – (98th percentile) & Pine Grove Animal Hospital (86th percentile).
  • HIGHLY AFFLUENT DENVER SUBURB LOCATION - Average Household Income of $162,095 within 5-mile radius of property. Parker’s high-income population is also highly educated, 51% of residents within a 10-mile radius have earned a bachelor’s or advanced degree.
  • EXCEPTIONAL FACILITY - 11,091 SF building with boarding rooms and a large indoor play area. The property includes 15,000 square feet of indoor and outdoor play areas covered in soft, safe, and clean artificial turf. Food is provided and there is a year-round heated pool for play and training.
  • PARKER IS GROWING - Parker is currently growing at a rate of 2.05% annually and its population has increased by 8.75% since the most recent census. Since 2020, 3,051 multi-family units have been constructed or are currently under construction within a 5-mile radius of the subject property.
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9099 S Woodman WayParker, CO 80134
Animal Emergency & Specialty Care
Pine Grove Animal Hospital
Costco
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