Two-Property Automotive Investment with Corporate Guaranty and Annual Rent Increases
Blue West Capital is pleased to offer for sale the Pride Auto Care automotive service facilities located at 11133 & 11155 Dransfeldt Rd, Parker, CO 80134.
The properties are positioned along Dransfeldt Rd as outparcels to the Target-anchored Parker Valley Center (2.8M annual visits) and across from a Walmart- and The Home Depot-anchored shopping center (5M annual visits). The offering features two single-tenant net-leased properties under a single lease agreement, with ~6.25 years remaining on a double-net plus (NN+) lease. The fee simple ownership allows for potential bonus depreciation, creating a tax incentive for investors (consult with a qualified CPA to discuss).
Pride Auto Care operates three locations across Colorado (Parker, Denver, and Longmont) and has operated at the Parker location for 17+ years. The lease is guaranteed by Sun Auto Tire & Service, LLC, which operates 600+ locations across 40+ brands in 26 states.
The surrounding area boasts strong demographics, with an average household income of $174,750 and 80,200 people living within three miles. Parker is located 20 miles southeast of Denver within Douglas County, one of Colorado's wealthiest counties.
