Current Use by Public Records
- Retail properties & Spaces
Property Details for 7095 88Th Ave
- Year built
- 1986
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a fee-simple ownership of a Black-eyed Pea restaurant, a 5,500-square-foot, single-tenant, Class A QSR/Fast Food property located at 7095 W 88th Ave, Broomfield, CO 80021. The property boasts a highly desirable location within the Towne Center at Brookhill, a thriving 26.85-acre retail development attracting over 2.7 million visitors annually. This freestanding building, constructed in 1986, benefits from a hard corner location with excellent visibility and access from West 88th Avenue, experiencing over 80,750 vehicles per day. The property is situated on a major traffic artery, conveniently located midway between Denver and Boulder, just two miles from the US 36 and Sheridan Avenue interchange. The current Net Lease agreement, with a 6.00% cap rate and a NOI of $132,000, commenced October 17, 2011, and extends until July 31, 2034, offering a remaining lease term of approximately 9.7 years. The lease includes a 10% rent increase every five years, providing built-in rent growth. The property is offered free and clear of existing debt on an "As-Is/Where-Is" basis. The affluent trade area within a 3-mile radius boasts over 114,000 residents with an average household income exceeding $128,826. This investment presents a compelling opportunity to acquire a stable, high-performing asset with significant long-term potential. The Black-eyed Pea restaurant chain, established in 1975, has operated successfully at this location since 2011, demonstrating the strength and stability of the tenant.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Broomfield
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.076
- Latitude
- 39.8569
