Available

Available

JP Cocina & Cantina

Parker, CO 80138

Price

$5,199,999

Cap Rate: 6.00%

Lead Broker

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Turnkey Restaurant & Entertainment Venue | Parker, CO

Blue West Capital, in partnership with Cushman & Wakefield, is pleased to offer for sale a 2021-built restaurant and entertainment venue at 11160 S Pikes Peak Dr in Parker, CO (Denver MSA). The property features a triple-net lease with a scheduled 3% rent increase in Year 2 and an owner-controlled, three-year renewal option at fair market value, with all furniture, fixtures, and equipment conveying at closing. This turnkey offering provides an owner-user or operator the opportunity to acquire a fully equipped, purpose-built venue without the time and cost of new construction.

The property sits one parcel from the signalized intersection of S Pikes Peak Dr and S Parker Rd (51,000 VPD), within Parker's dominant retail node anchored by Walmart Supercenter, Costco, Whole Foods Market, The Home Depot, and Target. The three-mile trade area includes 70,782 residents, an average household income of $158,738, and projected population growth of 7.4% through 2030.

Note: All photos shown during previous tenant occupancy.

Investment Highlights

  • Triple-net lease with scheduled 3% rent growth and landlord control over the FMV renewal option
  • All FF&E conveys at closing, including two 11-ft Ansul hood systems, 600-amp three-phase service, and a 24-tap beer cooler
  • Purpose-built 2021 venue with seating for 750, including 450 interior seats and a 6,103 SF improved patio
  • Reposition or owner-user opportunity in a fully equipped, move-in-ready venue
  • Fee-simple parcel with 70 on-site spaces plus 33 street spaces

BROKER OF RECORD

Co-Listed with Cushman & Wakefield

Location Highlights

  • One parcel from S Parker Rd (51,000 VPD) in Parker's dominant retail node
  • Anchored by Walmart Supercenter, Costco, Whole Foods Market, The Home Depot, and Target
  • 70,782 residents and $158,738 average household income within three miles
  • Projected population growth of 7.4% through 2030
  • Located in Douglas County, Colorado's wealthiest county, approximately 20 miles southeast of downtown Denver

We are ready to assist you.

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