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9115 Howell StArvada, CO 80005
Brakes Plus
Asset ClassRetail
Deal Size$3.54 M
Cap Rate: 5.32%Square Feet: 4,975Access Data Room
New 20-Year Abs. NNN Lease with Corporate Guarantee
overview of deal

Overview

  • New 20-Year Absolute Triple-Net (NNN) Lease with 4 x 5-Year Options and 10% rent increases every five years
  • Corporate Guaranty from Mavis Tire Express Services Corp – The company operates approximately over 2,000 locations throughout the United States under 12 brands including: Brakes Plus, Mavis Tire & Brakes, Express Oil Change and more
  • Adjacent to a King Soopers Marketplace anchored shopping center that opened in 2018. The center includes 7,100 SF of in-line shops and three single-tenant retails pads leased to Wendy’s, First Bank, and King Soopers Fuel Center. In addition, Freedom Street Social, a food hall tenant occupies 12,000 SF
  • Half a mile from Candelas master development, a 1,500-acre community that features 1,598 single-family homes, 785 multi-family units, and 268 townhomes
  • Affluent surrounding demographics: 28,667 people earn an average household income of $176,663 within a 3-mile radius of the subject property. In addition, within a 1-mile radius, 3,218 people earn a $192,845 average household income
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9115 Howell StArvada, CO 80005
Downtown Denver: 15 Miles
Boulder: 12 Miles
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Listing provided by Revere CRE