19731 Parker Square Dr Parker, CO 80134
- Retail properties
- 624 SF
- 0.51 lot acres
Current Use by Public Records
- Retail properties
Property Details for 19731 Parker Square Dr
- Year built
- 2024
- Lot size
- 0.51 lot acres
- Property size
- 624 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 624 square-foot Ziggi's Coffee location in Parker, Colorado. The property boasts a double drive-thru, situated on a 0.51-acre lot, and is part of a rapidly expanding area within the Denver MSA. A new 20-year absolute NNN lease with Ziggi's Coffee Franchise LLC, commencing August 1, 2024, and expiring August 31, 2044, provides significant long-term stability. The lease includes six, five-year renewal options with a 7.5% rent increase at each option period, ensuring consistent income growth. The current annual net operating income (NOI) is $169,500, resulting in a 5.99% capitalization rate. The property's construction is anticipated to be completed in late summer 2024. Ziggi's Coffee, a nationally recognized coffee chain with over 100 locations and significant expansion plans, guarantees the lease, demonstrating confidence in the location and future growth potential. Parker, Colorado, is a thriving community with a population exceeding 64,000 and is part of the 2.9 million-person Denver Metropolitan Statistical Area (MSA), a market experiencing substantial population growth. This property offers a compelling combination of a strong tenant, a long-term lease, and a prime location in a high-growth market, making it an ideal investment for discerning buyers. The asking price is $2,830,769, translating to a price per square foot of $4,536.49.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Parker
- County
- Douglas
- State
- Colorado
- Longitude
- -104.76
- Latitude
- 39.509
