Denver, CO - AutoZone & Stoner's Pizza Joint

Description:

SRS Capital Markets is pleased to present the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased AutoZone and the fee simple interest (land and building ownership) in a NNN leased Stoner’s Pizza Joint located in Denver. The asset offers more than 9 years of weighted average lease term (WALT) remaining. Both leases include scheduled rental increases throughout the initial terms and option periods, providing consistent NOI growth and a hedge against inflation. The AutoZone lease is structured as absolute NNN with zero landlord responsibilities, while the Stoner’s Pizza Joint lease is NNN, creating an attractive low-management investment opportunity for passive investors. AutoZone is one of the world’s largest automotive parts retailers, operating more than 7,700 locations throughout the U.S., Mexico, and Brazil. Stoner’s Pizza Joint is an expanding pizza concept with over 60 locations nationwide.

The property is strategically positioned along East Colfax Avenue, benefiting from exceptional visibility and access to more than 30,000 vehicles per day. Located approximately two miles from Downtown Denver, the site sits within a dominant retail corridor surrounded by numerous national and credit tenants, including Trader Joe’s, Sprouts Farmers Market, Chick-fil-A, Starbucks, Taco Bell, and Anytime Fitness, further driving consumer traffic to the area. The surrounding trade area is supported by a population exceeding 519,600 residents and more than 401,000 employees within a five-mile radius, along with an affluent average household income of approximately $171,990 within one mile.

East Colfax Avenue is a historic 50-mile east-west thoroughfare that serves as one of the primary transportation and commercial corridors throughout the Denver metropolitan area. The corridor supports some of the region’s busiest transit routes, serving more than 24,000 riders each weekday, while connecting the municipalities of Denver, Lakewood, and Aurora to numerous regional destinations. Colfax Avenue is also part of the state highway system designated as U.S. Route 40.

The corridor features a dynamic mix of retail, commercial, residential, and office uses, with the subject property positioned within the Urban Redevelopment Plan (URP) area. The
URP is designed to support the City’s vision of creating more complete and inclusive neighborhoods along East Colfax Avenue. Additionally, as of May 2026, significant infrastructure improvements are underway along the corridor, including the development of a new bus rapid transit (BRT) line intended to enhance connectivity and transit access between Denver and Aurora.

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Listing ID: a28TP000002lV0nYAE