10535 Parker Rd Parker, CO 80134-9036

Property Details for 10535 Parker Rd

Year built

1984

Construction

WOOD FRAME

Lot size

0.58 lot acres

Property size

4,190 SF

Property type

Turn key restaurants

APN

R0352939

APU

R0352939

Description

This exceptional investment opportunity presents the chance to acquire a fee-simple interest in a 4,190-square-foot, freestanding Pizza Hut located at 10535 S Parker Rd, Parker, CO 80134. The property boasts a 6.75% cap rate and a strong 15-year absolute NNN lease with a creditworthy franchisee operator. The tenant, an experienced franchisee with over 140 locations and 3,000+ employees, will commence a new lease upon closing, featuring 1.5% annual rent increases and four 5-year renewal options. The property underwent a $200,000 renovation in 2024, and benefits from an additional $60,000 in capital expenditures over the past two years. Situated on a 0.58-acre lot, this Pizza Hut enjoys excellent visibility in a dense retail corridor with over 50,500 vehicles passing daily. Its proximity to the Parker Pavilions shopping center, ranked among the top 4% of most visited shopping centers nationally, further enhances its appeal. The property benefits from a rapidly growing residential market projected to expand by 27%, and its location just 20 miles southeast of downtown Denver adds to its long-term investment potential. The Net Operating Income (NOI) is $91,805. This is a sale-leaseback transaction. The building was constructed in 1984. This is a single-tenant property with 100% occupancy.