Rare Absolute NNN Leased Investment

16255 Washington St, Thornton, CO

$5,450,000

Price

6.61%

Cap Rate

$360,000

NOI

Overview
Cap Rate
6.61%
NOI
$360,000
Lease Type
Absolute Net
Year Built
2008
Year Last Renovated
2018
Description

Pinnacle Real Estate Advisors is pleased to announce they have been retained as the exclusive marketing advisor for WashCO, 16255 Washington St, Thornton, CO 80023. This is a rare, absolute NNN leased investment in the booming Denver metro area and the Northwest Corridor. The outparcel of COSTCO, comes with a newly executed 10-year lease and 3% annual escalations. The tenant, whom is a multi-site regional operator, has three additional 10-year options, highlighting a path to long-term success for both the landlord and the tenant. This property will compete directly with, or beat, the majority of NNN leased properties available on the market in 2020.

Highlights
  • Internet and Amazon resistant investment within a booming service based industry
  • New 10-year Absolute NNN lease with multi-site regional operator
  • Neighboring tenants include Costco, Home Depot, Top Golf, Sears, Dick’s Sporting Goods, etc
  • Highly trafficked location adjacent to Interstate 25
Documents
Title
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Location
Gallery