12634 Indore Place, Littleton, Colorado



Price : $3,069,412
Cap Rate : 7.70%
NOI : $236,345
Building Size : 5,108 Sq Ft
Lot Size (AC) : 0.89 Acres
Year Built : 2001
Lease Type : Absolute NNN
Lease Expiration : December 30, 2020
Renewal Options : 3, 5-Year
Rental Increases : 10% Every 5 Years
Status : Available
Property Type : Retail

Investment Highlights

Rare Corporate Guarantee
Healthy 10% Rent Increases
Nearly 20 Years of Operating History
Walking Distance to 3 National Hotels (249 rooms)
Absolute NNN Lease - No Landlord Responsibilities
Highly Visible Location to Over 21,000 Vehicles Per Day
Denver MSA with Location on Well-Traveled Thoroughfare
Convenient Access to State Road 470 (48,000 Vehicles Per Day)


Absolute NNN lease, rare corporate guaranteed IHOP in Littleton, Colorado, an affluent suburb in the Denver MSA. Strategically positioned on the heavily trafficked West Ken Caryl Ave with high visibility to over 21,000 VPD and just off of I-470 with 48,000+VPD. There are currently over 2.5 years remaining on the original 20 year lease with 3, five-year options to renew including 10% rent increases. The property sits on .89 acres with a 5,108 SF build-to-suit for IHOP.  This IHOP is a popular dining destination for business travelers staying at the three nationally flagged hotels surrounding the property (which maintain high occupancy rates – year round) and the local community of 64,000+ residents in a 3 mile area and 131,242 residents within 5 miles. Chatfield High School (1,900 students) is less than 5 minutes away and the brand new 250-unit Bell Ken-Caryl apartment community is within walking distance. The nearest breakfast restaurant competitor is over 5 miles away.  This is a fully stabilized, corporate operated business in the heart of a rapidly growing market with nearly 20 years of operating history at this location.

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