Ziggi's Coffee

19731 East Parker Square Drive, Parker, CO 80134

$2,607,692

Cap Rate 6.50%

Views: 100 DOM: 150 Updated: 07.26.24 Posted: 06.24.24 Status: Active

Summary

Price $2,607,692	Built/Renov 2024	Tenant Ziggi's Coffee
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 624	Lease Start 08-01-2024	#Units 85
Price/SF $4,178.99	Expiration 08-31-2044	Tenant Type Fast Food/QSR
NOI $169,500	R. Term 19.9	Ownership Fee Simple
Rent/SF $271.63	Increases 7.5%/5/yrs	Pop 5Mi 118,437
Lot/AC 0.51	Options 6/5yrs/7.5%	AHHI 5Mi $165,203

Tom Fritz

Northmarq

Contact

Lease Highlights

Brand new 2024 construction
New 20-year lease with 6 (5-year) options to extend
The lease features 7.5% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Ziggi's Coffee is strategically located at the hard corner intersection of E Parker Square Drive and Pine Drive, with access to a combined daily traffic count of 16,629 vehicles. The property is surrounded by well-known national tenants, including Verizon, Kohl's, Chili's, Five Below, PetSmart, and more. Additionally, the immediate area features housing complexes such as Peak 83, Parker...

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Key Features

New construction
Hard corner intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Brand new lease
Long 20+ yr lease
Absolute NNN
Corporate Guarantee

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Links

Ziggi's Coffee Wikipedia Parker, Colorado Zip Code 80134 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Ziggi's Coffee
Guarantor:Corporate
Company:Ziggi’s Coffee Franchise LLC
# Units:85
Stock:Private

About Tenant

Ziggi’s Coffee is a national coffee chain known for its efficient drive-thru service, friendly and personalized experience, and diverse menu catering to all sorts of customer preferences. In 2023,...

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Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	11,847	70,062	132,511
2024 Total Population :	11,224	65,570	121,381
2024 Employed Civilian Pop :	6,220	35,095	64,006
2024 Total Businesses :	710	2,293	2,978
2024 Average Household Income :	$ 141,994	$ 170,576	$ 172,592
2024 Total Consumer Spending :	$ 558 M	$ 3360 M	$ 6447 M
2024 Median Age :	37	38	39
2024 Total Households :	4,491	22,947	43,538
2024 Pop Age 25+: Bachelor's Degree :	2,627	16,925	32,304
2024 Average Home Value :	$ 630,594	$ 661,229	$ 700,580

*ESRI data is presented for informational purposes only

Listing Broker

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