Popeyes | 20YR NNN Lease | Denver MSA | 15050 Colfax ave
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Popeyes | 20YR NNN Lease | Denver MSA 15050 Colfax ave
3,003 SF Retail Building Aurora, CO 80011 $5,209,006 CAD ($1,735 CAD/SF) 5.25% Cap Rate
Investment Highlights
- Brand New 20-Year Triple Net (NNN) Ground Lease Commencing in 2025
- Prime Development Area of Aurora CO Adjacent to Aurora Creekside, 148-Unit Townhomes Under Construction, and Several Additional Retailers Coming Soon
- Part of the Denver Metro Area, the Largest City in Colorado (±3 Million)
- Attractive Rental Increases | 10% Every Five (5) Years
- Exceptional Traffic Counts on E Colfax Avenue of +38,300 VPD Giving Prime Exposure to the Location | 150K Vehicles per Day on the Nearby I-225 Freeway
- Largest Popeyes Franchisee | 3rd Largest Franchisee in America
Executive Summary
This property features a brand-new 20-year triple net (NNN) ground lease, set to commence in 2025, with 10% rental increases every five years, ensuring attractive long-term returns. The lease includes four tenant renewal options of five years each, allowing the potential term to extend to 40 years. The tenant is backed by the Dhanani Group, one of the largest franchise operators in the U.S., overseeing more than 2,000 quick-service and convenience businesses. Their portfolio includes approximately 390 Popeyes, 554 Burger Kings, and 42 La Madeleine locations, generating over $1.7 billion in revenue as per the 2023 *Franchise Times “Restaurant 200”* list. Ranked the third-largest franchisee in America by *Multi-Unit Franchisee Magazine* in 2024.
The property is located in a prime development area of Aurora, Colorado, adjacent to Aurora Creekside—a 148-unit townhome project under construction—and surrounded by a growing retail corridor that includes McDonald’s, Dutch Bros, Murphy Oil, VASA Fitness, Holiday Inn Express, and more. With exceptional traffic counts of 38,300 vehicles per day on E Colfax Avenue and 150,000 vehicles daily on the nearby I-225 freeway, the site benefits from unparalleled visibility and exposure. Just one block from a local high school, middle school, and elementary school, the property is part of the Denver metro area, Colorado’s largest city with a population of approximately three million. Known for its booming tech sector, outdoor recreation, and vibrant cultural scene, Denver offers year-round events and a thriving market, making this property a valuable and secure investment opportunity.
The property is located in a prime development area of Aurora, Colorado, adjacent to Aurora Creekside—a 148-unit townhome project under construction—and surrounded by a growing retail corridor that includes McDonald’s, Dutch Bros, Murphy Oil, VASA Fitness, Holiday Inn Express, and more. With exceptional traffic counts of 38,300 vehicles per day on E Colfax Avenue and 150,000 vehicles daily on the nearby I-225 freeway, the site benefits from unparalleled visibility and exposure. Just one block from a local high school, middle school, and elementary school, the property is part of the Denver metro area, Colorado’s largest city with a population of approximately three million. Known for its booming tech sector, outdoor recreation, and vibrant cultural scene, Denver offers year-round events and a thriving market, making this property a valuable and secure investment opportunity.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Building Size
3,003 SF
Building Class
C
Year Built
2025
Construction Status
Under Construction
Price
$5,209,006 CAD
Price Per SF
$1,735 CAD
Cap Rate
5.25%
NOI
$273,473 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.02 AC
Amenities
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Popeyes
- Accommodation and Food Services
- 3,003 SF
- -
- Net
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Popeyes | Accommodation and Food Services | 3,003 SF | - | Net | - |
Walk Score ®
Very Walkable (76)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1975-06-1-30-002 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $308,266 CAD |
PROPERTY TAXES
Parcel Number
1975-06-1-30-002
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$308,266 CAD
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Popeyes | 20YR NNN Lease | Denver MSA | 15050 Colfax ave
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