Famous Dave's Bar-B-Que
$5,657,000
7557 East 36th Avenue, Denver, CO 80238
5.79
Cap Rate
227,540
NOI
Details:
Description:
• Superb hedge against inflation with rare, 3% annual rent increases
• Dense and affluent area | Over 123,000 residents with an average HH income exceeding $163,400 within a 1-mile radius
• Signalized, hard corner location with excellent access and visibility to 18,200+ VPD
• Passive investment | NNN lease with zero Landlord responsibilities
• Incredible retail corridor, located in the heart of Quebec Square | A ±209,000 SF shopping center anchored by Home Depot, Walmart Supercenter, & Sam’s Club
• Walking distance to Central Park train station which opened in 2015 and is 13 minutes from Downtown Denver | The Regional Transportation District (RTD) sees nearly 100MM annual boardings
• Located two blocks from Quebec St which boasts nearly 70,000 VPD
• Adjacent to the Central Park master planned development | One of the nation’s largest redevelopment projects at over 4,700 acres | Redevelopment of the former Stapleton Airport into a mixed-use, urban infill community | Click here for more info
• About a mile from The Shops at Northfield, one of the largest shopping centers in the Denver area | 1.2MM, open-air retail town center anchored by Target, JCPenney, Macy’s, Bass Pro Shops, and Harkins Theatres
• Proximity to I-70 (162,000 VPD) and I-270 (104,000 VPD)
• 2.5 miles from the Denver Zoo | 2.2MM annual visitors
• BBQ Holdings, Famous Dave’s parent company, was recently purchased for $200MM in 2022 by MTY Food Group | BBQ Holdings is a multi-concept group with 360+ locations while MYT owns 80 brands encompassing nearly 7,000 restaurants in North America
Documents:
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Offering Memorandum
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