Pep Boys

4400 Barranca Lane, Castle Rock, CO

$1,825,000

Price

6%

Cap Rate

$109,542

NOI

Overview
Cap Rate
6%
NOI
$109,542
Building Size
4,020 sqft
Lot Area
0.47 acres
Occupancy
100%
Lease Type
Absolute Net
Year Built
2009
Price Per Sqft
$453.98
Tenancy
Single
Parking Spots
20
Description

The subject property is currently 100% leased to Pep Boys with 12.5 years remaining on a rare absolute NNN lease with annual increases. Pep Boys acquired Just Brakes in 2017 and re-branded the site shortly after the acquisition was announced. Additionally, the four 5 year option periods, which increase to Fair Market Value at the beginning of each option period, also features 2% annual increases.


The subject property is strategically located near the signalized hard corner the intersection of Founders Parkway/State Highway 86 & Woodlands Boulevard (30,991 combined vehicles per day) and is near the interchange of Colorado Highway 86 and Interstate 25 (108,200 combined vehicles per day). The subject property is close to the Outlets at Castle Rock, Colorado’s largest outlet center. The trade area is supported by more than 78,000 residents with an average household income higher than $115,000 within a 5-mile radius of the subject property. The property is located across the street from a Target Anchored Shopping Center and is directly adjacent to the UCHealth Urgent Care Center, as well as numerous other national credit tenants.

IN CONJUNCTION WITH
CO LICENSED BROKER:
David Leuthold
Leuthold Commercial Properties
303.871.9000

Highlights
  • Absolute NNN lease/ fee simple ownership
  • Rare 2% annual increases
  • 12.5 years remaining with four 5-Year options
  • Across From Target
  • Ideally located between O’Reilly Auto Parts & Advance Auto Parts
  • Located near Interchange of Colorado 86 and Interstate 25
  • Excellent street frontage and visibility on main thoroughfare
Documents

Location
Gallery