5560 Tower Rd Denver, CO 80249

Property Details for 5560 Tower Rd

Year built

2024

Lot size

0.68 lot acres

Property size

2,313 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a brand-new, 2,313 square foot Chipotle restaurant situated on a 0.68-acre lot in Denver, Colorado. The property boasts a 15-year absolute net lease (NNN) with a prominent, publicly traded company (NYSE: CMG), providing a strong corporate guarantee and significant market capitalization. The lease commenced July 30, 2024, and includes 10% rent bumps every five years, ensuring consistent income growth. The property's strategic location along Tower Road (24,948 vehicles per day) and East 56th Street (29,060 vehicles per day), approximately 1.5 miles from Pena Blvd (115,000 AADT), offers excellent visibility and accessibility. The surrounding area demonstrates robust demographics, with a population of 128,818 within a five-mile radius, a 5.41% annual growth rate within one mile, and an average household income of $122,991 within the same radius. This prime retail location is near major shopping centers, employers, and other significant retail tenants, further enhancing its value. Its proximity to Denver International Airport (10 miles) and Buckley Space Force Base contributes to the area's strong economic activity. The property also benefits from its adjacency to a proposed mixed-use development including a Super Target and numerous residential units. The asking price is $4,600,000, representing a 4.50% cap rate and a NOI of $207,000. The property was built in 2024. This is a rare opportunity to acquire a high-performing, net-leased asset in a rapidly growing market.

Location Insight

City

Denver

County

Denver

State

Colorado

Longitude

-104.771

Latitude

39.7972