10535 Parker Rd, Parker, CO 80134-9036
- Turn key restaurants
- 4,190 SF
- 0.58 lot acres
Current Use by Public Records
- Pizza Hut / Take-out & Catering
Property Details for 10535 Parker Rd
- Year built
- 1984
- Construction
- WOOD FRAME
- Lot size
- 0.58 lot acres
- Property type
- Turn key restaurants
- APN
- R0352939
- APU
- R0352939
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 2, 2025 | $1,360,000 | Alfred Lepore Children LLC | 10535 S Parker Road LLC | Warranty Deed | — |
| Dec 9, 2019 | — | 10535 S Parker Road LLC | — | Deed · related | $9.6M · Wells Fargo Bk |
| Feb 6, 2019 | — | 10535 S Parker Road LLC | — | Grant Deed · related | $24.5M · Wells Fargo Bk |
| Oct 4, 2018 | — | 10535 S Parker Road LLC | Colorado Peaks LLC | Special Warranty Deed | — |
| Jul 25, 2012 | $400,000 | Colorado Peaks LLC | Niemann,r Michael | Warranty Deed | — |
| — | — | 10535 S Parker Road LLC | — | Loan Modification · related | $9.6M · Wells Fargo Bk |
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.
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Location Insight
- Map
- Local Demand
- City
- Parker
- County
- Douglas
- State
- Colorado
- Longitude
- -104.767
- Latitude
- 39.5251
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
