1491 Havana St Aurora, CO 80012-4013

Property Details for 1491 Havana St

Year built

1993

Construction

FRAME

Lot size

0.83 lot acres

Property size

7,425 SF

Property type

Turn key restaurants

APN

1973-22-1-22-002

APU

197322122002

Description

This exceptional investment opportunity presents a fee-simple, 7,300 square foot Red Robin restaurant located on a 0.83-acre lot in Aurora, Colorado. The property boasts a prime location as a Costco outparcel, benefiting from significant traffic generated by the adjacent Costco Wholesale (~2.5 million annual visits). Situated in Aurora's strongest retail corridor, the Havana Retail District, this single-tenant, Class A property enjoys a high-traffic signalized corner location with over 53,000 vehicles passing daily. The area features numerous national retailers including Target, Kohl's, Dick's Sporting Goods, and more, along with the Fitzsimons Medical Campus and Town Center at Aurora mall. The Absolute NNN ground lease with Red Robin (NASDAQ: RRGB) includes a corporate guarantee and features three, 5-year lease options with 10% rent bumps in each option period. The current lease term extends until November 30, 2029, providing a remaining term of 5 years. Built in 2005, this one-story building offers a strong NOI of $250,025 and a 6.30% cap rate, with an asking price of $3,968,650 ($543.65/sq ft). The property's proximity to Buckley Space Force Base (7 miles) further enhances its value, given the base's significant economic impact on Aurora. The low vacancy rate of 3.7% in the Central Aurora submarket underscores the strength of this investment. This is a rare opportunity to acquire a well-positioned, passively managed, and highly profitable retail investment.