Overview

Description

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate signed, freestanding Hiller Companies investment property located in Parker, Colorado. The tenant, The Hiller Companies, LLC recently extended for another for 5 years with 1 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 3% rental increases throughout the initial term and at the beginning of
each option period, steadily growing NOI and hedging against inflation. The lease is a NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

The property is located near Dransfeldt Rd, which averages 12,600 vehicles passing by daily and is a major retail thoroughfare serving the city of Parker. The Hiller Companies industrial building is located a mile south of Parker Marketplace, a 187,000 square foot shopping center with major tenants including Sprouts, Sky Zone, and more. Additionally, the asset is positioned south of Shops at Crown Point, a 230,000 square foot outlet center with national/credit tenant including Costco Wholesale, Trader Joe’s, Sportsman’s Warehouse, and more. Furthermore, the site is located near Dransfeldt Rd and is ideally positioned next to a wide variety of industrial and office tenants helping draw a strong customer base. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, The Home Depot, Lowe’s, Target, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 126,800 with an affluent average household income of $159,658.

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