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Views: 82 DOM: 210 Updated: 06.17.24 Posted: 02.21.24 Status: Active

Summary

Price $6,667,000
Built/Renov 2021
Tenant Federales Tequila & Tacos
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 10,766
Lease Start 08-01-2021
#Units 4
Price/SF $619.26
Expiration 07-31-2038
Tenant Type Casual Dining
NOI $400,000
R. Term 13.10
Ownership Fee Simple
Rent/SF $37.15
Increases 10.0%/2/yrs
Pop 5Mi 438,524
Lot/AC 0.29
Options 2/5yrs/2%
AHHI 5Mi $113,018

Lease Highlights

  • Federales has 14+ yers remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental escalations every 5 years during the initial term and 2% annual increases throughout each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Federales Tequila & Tacos is strategically located on Larimer Street, with access to 15,680 vehicles passing by daily. The property is surrounded by numerous multifamily units, including Modera River North, Canvas, Hartley Flats, Ballpark Lofts, Ava Rino, and more. The River North Art District, with a radius of approximately one mile, is located just north of the Denver Central Business...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Federales Tequila & Tacos is a lofty, open-air taco restaurant and tequila bar concept. Their restaurants have an urban industrial vibe, their Dallas location offers a huge outdoor patio, their...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 45,207 237,919 479,523
2023 Total Population : 36,343 214,839 454,923
2023 Employed Civilian Pop : 24,552 144,017 280,266
2023 Total Businesses : 2,383 15,805 28,199
2023 Average Household Income : $ 122,725 $ 128,800 $ 129,629
2023 Total Consumer Spending : $ 2099 M $ 12685 M $ 24441 M
2023 Median Age : 34 35 36
2023 Total Households : 19,646 114,079 218,354
2023 Pop Age 25+: Bachelor's Degree : 11,787 66,291 119,544
2023 Average Home Value : $ 734,268 $ 749,363 $ 749,896
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
29th St Larimer St 2015 1,137 0.03 mi
Larimer St 29th St 2015 5,346 0.04 mi
29th St Walnut St 2015 1,159 0.04 mi
Larimer St 30th St 2017 5,680 0.05 mi
Walnut St 28th St 2005 3,725 0.08 mi
30th St Lawrence St 2015 1,018 0.09 mi
30th St Walnut St 2015 1,048 0.09 mi
Larimer St 30th St 2012 3,861 0.13 mi
BLAKE ST 29th St 2019 4,200 0.13 mi
Blake St 28th St 2003 2,864 0.14 mi

Listing Broker

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