9001 104Th Ave Commerce City, CO 80640

Property Details for 9001 104Th Ave

Year built

2023

Lot size

1.32 lot acres

Property size

950 SF

Property type

Commercial real estate

Description

Exceptional investment opportunity featuring a brand-new, 950-square-foot Dutch Bros. Coffee located at 9001 E 104th Ave, Henderson, CO 80640, within the Denver MSA. This property boasts a 15-year absolute NNN lease, commencing February 17, 2023, and expiring February 28, 2038, with a substantial remaining term of 13.3 years. The lease includes 10% rent bumps every five years and three, five-year renewal options, ensuring consistent income growth. The tenant, Dutch Bros. Coffee, is credit-rated and backed by a corporate guarantee, mitigating risk. The property sits on a 1.32-acre lot and generated a Net Operating Income (NOI) of $121,695 in 2023, resulting in a 5.25% cap rate and a price per square foot of $2,440. The asking price is $2,318,000. This build-to-suit development benefits from high traffic counts (65,000+ vehicles per day) and a strong demographic profile, with over 160,000 residents within a five-mile radius and household incomes exceeding $105,000 within the same radius. The property's location in Commerce City, Colorado, offers easy access to major transportation routes, including Interstates 70 and 270, and proximity to Denver International Airport. Commerce City is experiencing significant growth, with a population of approximately 64,000 residents and a diverse economy encompassing industrial, retail, and residential sectors. This presents a compelling investment opportunity with strong potential for long-term returns. The property is offered fee simple.