The subject property is located at the southeasterly intersection of Colfax Road and Urquest in Downtown Denver, CO
Property Highlights
- Absolute NNN 20 year lease with 10% rent increases
- Corporate Guarantee
- Strong store sales
- Low price per square foot
- Low rents per sq foot
Property Description
The lease is fully guaranteed by Rite Aid Corp (NYSE:RAD)
Many improvements in and around the property.
Improvements
Many improvements in and around the property.
Rates
| Term | Monthly | Annual |
|---|---|---|
| 7/22/2008 - 7/21/2018 | $17,035 | $204,425 |
| 7/22/2018 - 7/21/2028 | $18,739 | $224,867 |
| Options 1 & 2 | $20,613 | $247,354 |
| Options 3 & 4 | $22,674 | $272,090 |
For Sale
NOI: test_noi
CAP: 6.19%
Square Feet:
15053
Lot Size:
2.71 acres
Year Built:
2003
Rent PSF:
$23.82
PRICE PSF:
$385.82
This property is available free and clear of debt
Site Acreage:
1.44 acres
Lease Term:
25 years
Lease Start:
Sept 2008 (est)
Renewal Options:
Ten 5 year options to renew
Lease Description:
Absolute NNN
