500 Airport Blvd, Aurora, CO 80017
- Retail space
- 2,297 SF
- 0.84 lot acres
Current Use by Public Records
- Retail space
Property Details for 500 Airport Blvd
- Year built
- 2024
- Lot size
- 0.84 lot acres
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 1975-16-2-19-002
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 4, 2025 | $3,230,000 | Zubha Realty LP | N Hungry Pig In Aurora LLC | Special Warranty Deed | $225M · Cadence Bank NA |
| Apr 9, 2024 | $950,000 | Hungry Pig In Aurora LLC | Zubha Realty LP | Special Warranty Deed | $3.5M · Partners Capital Solutions Reit I L |
Description
This exceptional investment opportunity presents a newly constructed, 2,297 square foot Popeyes restaurant situated on a 0.84-acre lot in Aurora, Colorado. The property boasts a 20-year triple-net (NNN) ground lease with zero landlord responsibilities, commencing April 2, 2024, and expiring April 28, 2044. The lease includes four 5-year renewal options, potentially extending the lease term to 40 years. Annual rent increases of 2% are built into the lease, ensuring consistent income growth. The property's strong location in a high-traffic area of Aurora, adjacent to Buckley Yard, a new 295-unit residential development, and near other major retailers such as Raytheon, Amazon, and McDonald's, guarantees high visibility and customer traffic. The tenant, a top-three national franchisee with over $1.7 billion in revenue, operates a significant portfolio of quick-service restaurants, demonstrating financial strength and stability. The property's net operating income (NOI) is $175,000, resulting in a 5.08% cap rate. The asking price is $3,446,019. This investment offers a compelling combination of a secure, long-term lease, a strong tenant, and a prime location in a rapidly growing area. The property's address is 500 S Airport Blvd, Aurora, CO 80017, Arapahoe County. The parcel number is 1975-16-2-19-002. The building was constructed in 2024. The property is currently 100% occupied.
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Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.790338
- Latitude
- 39.707318
Comparable in this City
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Property Visit Statistics
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Visits by month0
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Visitors by month27.7k
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Avg Time on site9 min
