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1491 S Havana St, Aurora, CO, 80012

Red Robin
$3,847,000

Key Information

Cap Rate
6.5%
Tot. SF
7,300
Year Built
1993/R2013
Term Remaining
±4.2 YRS
Type
Retail
NOI
$250,025

Highlights

High Traffic Location | Costco Outparcel

  • Strategically located along South Havana Street (+45,000 VPD), one of East Denver’s most active retail corridors, surrounded by major national tenants including Target, Safeway, Sprouts Farmers Market, King Soopers, Lowe’s, and Costco.
  • The site is located on an outparcel to the Costco, which ranks in the top 30th percentile nationwide based on monthly foot traffic, underscoring the strength of the trade area.

Excellent Frontage & Visibility

  • The property offers strong visibility with over 150-ft of frontage along Havana Street and another 200 ft on Florida Ave (+10,000 VPD).

Top Ranking Foot Traffic

  • According to AlphaMap, the site boasts over 29,000 monthly visitors per month – ranking the store in the top 30th percentile of all Red Robin locations and the upper 18th percentile for all Colorado locations.

Strong Demographic Profile & Recognized Market Momentum

  • Located in Aurora – one of the fastest growing neighborhoods in Denver, the city boasts 190,000+ residents in a 3-mile radius of the site and strong job growth driven by major employers as found at the Anschutz Medical Campus (+1,000 beds), Buckley Space Force Base (+20,000 employees), and Denver International Airport (+40,000 employees).

Investment Grade Credit | Passive Cash Flow

  • Leased to Red Robin International, Inc. (NASDAQ: RRGB), which operates 498 stores across the United States and Canada. The Absolute NNN Ground Lease offers passive cash flow with minimal landlord responsibilities.

Photos

Location

Agents

Broker of Record

Brayden Conner

License # EC.100099522 (CO)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203