Cobblestone Car Wash

11270 Huron Street, Northglenn, CO 80234

$5,900,000

Cap Rate 6.25%

Views: 74 DOM: 205 Updated: 07.09.24 Posted: 02.25.24 Status: Contract

Summary

Price $5,900,000	Built/Renov 2022	Tenant Cobblestone Car Wash
Cap Rate 6.25%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 6,572	Lease Start 06-01-2024	#Units 180
Price/SF $897.75	Expiration 05-31-2044	Tenant Type Automotive
NOI $368,750	R. Term 19.8	Ownership Fee Simple
Rent/SF $56.11	Increases 1.5%/1/yrs	Pop 5Mi 341,704
Lot/AC 0.94	Options 4/5yrs/1.5%	AHHI 5Mi $103,009

Peter Deltondo

Marcus & Millichap

Contact

Lease Highlights

Cobblestone Car Wash will be executing a brand-new 20-year lease with 4 (5-year) options to extend at the close of escrow
The lease features 1.5% annual rental escalations throughout the initial term and each option period
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Cobblestone Car Wash is strategically on Huron Street, with access to 22,500 vehicles passing by daily. The property is located within a dense retail corridor featuring national tenants including Target, Chick-fil-A, CVS, McDonald's, 7-Eleven, Starbucks, O'Reilly Auto Parts, and more. Additionally, there is a strong academic presence with one high school, one middle school, and four elementary...

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Key Features

New construction
Build to suit
Dense retail corridor
Freeway close
Top 100 MSA
Strong demographics
Brand new lease
Long 20+ yr lease
Accelerated depreciation
Corporate Guarantee

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Links

Cobblestone Car Wash Wikipedia Northglenn, Colorado Zip Code 80234 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Cobblestone Car Wash
Guarantor:Corporate
Company:Access Holdings
# Units:180
Stock:Private

About Tenant

Spotless Brands is a car wash company currently operating in partnership with 4 industry-leading brands: Cobblestone Auto Spa, Okie Express Auto Wash, Flagship Carwash and Ultimate Shine Car Wash....

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	16,322	146,915	356,978
2023 Total Population :	16,461	146,013	353,077
2023 Employed Civilian Pop :	9,000	79,760	194,708
2023 Total Businesses :	677	3,620	7,907
2023 Average Household Income :	$ 84,431	$ 105,707	$ 111,856
2023 Total Consumer Spending :	$ 479 M	$ 4994 M	$ 12448 M
2023 Median Age :	35	36	36
2023 Total Households :	6,493	54,676	129,064
2023 Pop Age 25+: Bachelor's Degree :	2,100	21,781	54,708
2023 Average Home Value :	$ 516,590	$ 466,525	$ 482,810

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Huron St	W 112th Ave	2018	23,696	0.04 mi
112TH AV	Huron St	2019	16,000	0.15 mi
W 112th Ave	Santa Fe Dr	2008	11,100	0.21 mi
W 112th Ave	Cherokee St	2008	25,000	0.26 mi
Huron St	W 112th Ave	2004	29,420	0.30 mi
COMMUNITYDR	I- 25	2019	15,000	0.34 mi
Huron St	W 116th Ave	2002	19,730	0.38 mi
I- 25	W 112th Ave	2017	153,000	0.41 mi
North Valley Highway	Pinyon Dr	2022	152,000	0.44 mi
W 116th Ave	Huron St	2007	3,025	0.44 mi

Listing Broker

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