5155 Broadway Englewood, CO 80113-6705
- Drive through restaurants
- 2,957 SF
- 0.30 lot acres
Current Use by Public Records
- Drive through restaurants
Property Details for 5155 Broadway
- Year built
- 1999
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.30 lot acres
- Property size
- 2,957 SF
- Property type
- Drive through restaurants
- APN
- 2077-15-2-01-082
- APU
- 207715201082
Description
This exceptional investment opportunity presents a 3,254 square foot Wendy's restaurant located at 5155 S Broadway, Englewood, CO 80113. The property sits on a 12,474 square foot lot and boasts a 4.65% cap rate with a Net Operating Income (NOI) of $130,000. The absolute NNN ground lease features zero landlord responsibilities and a recently extended 15-year corporate lease with 10% rent increases every five years. Wendy's, a publicly traded company (NASDAQ: WEN), has occupied this site since 1999, demonstrating long-term commitment. This high-performing location consistently ranks within the top 10% of Wendy's nationwide and is among the top 5 in Colorado, based on traffic data. The property benefits from its prime location on a heavily trafficked intersection (approx. 70,200 vehicles daily), offering excellent visibility and accessibility. The surrounding area features a strong demographic profile, with over 100,638 residents within a 3-mile radius and an average household income exceeding $133,571. Synergistic businesses nearby include Chuze Fitness, Starbucks, Sprouts, and more. Englewood, a mature and established suburb, provides convenient access to downtown Denver (approximately 8 miles away) via various transportation options. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential. The asking price is $2,795,700. 100% occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,590,000
- 6.5%
- $2,400,000
- 7%
- $2,465,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,070,000
- Geo Method
- $2,585,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,845,000
- Retail
- $2,395,000
- Mixed-Use
- $2,350,000
- Hospitality
- $2,355,000
- Educational
- $2,390,000
- Residential Income
- $2,400,000
- Energy
- $2,185,000
- Income-Based Land
- $2,050,000
- Food Service
- $2,590,000
Location Insight
- Map
- Local Demand
- City
- Englewood
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.988
- Latitude
- 39.6229
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
