DENVER, CO – [March 31, 2025] – Blue West Capital is pleased to announce the successful sale of a Hooters restaurant located at 2610 South Parker Road in Aurora, CO. The property sold for $2,300,000 at a 5.87% cap rate—the lowest recorded for a sold Hooters property since 2022, according to CoStar.
Josh Lorenzen and Tom Ethington of Blue West Capital represented the seller in the transaction. The buyer, a local investor, acquired the property with all cash and was not in a 1031 exchange.
Strategically positioned along South Parker Road, with over 43,000 vehicles passing daily, the property benefits from high visibility and strong market fundamentals. It is situated in a thriving Aurora submarket with 165,107 residents and an average household income of $100,645 within a three-mile radius. The site's excellent accessibility, strong real estate fundamentals, and below-market rent make it a highly attractive investment.
We quickly attracted multiple interested buyers, with most inquiries coming from local investors familiar with the site. Despite the news of Hooters’ bankruptcy mid-contract, we successfully navigated the process without any impact on pricing. This deal underscores the continued demand for well-located retail assets with at or below market rents. From listing to closing, the entire transaction was completed in just four months."
Josh Lorenzen, Associate
PR Contact
Josh Lorenzen
(720) 821.2520
Josh@BlueWestCapital.com
About Blue West Capital
Blue West Capital is a commercial real estate advisory firm based in Denver, CO, specializing in maximizing property value, streamlining transactions, and enhancing client outcomes through industry expertise and integrated technology.
- Seller Representation: Customized strategies to optimize property sales.
- Buyer Representation: Access to exclusive investment opportunities.
- Tenant & Landlord Representation (Leasing): Expert guidance through the leasing process.
- 1031 Exchange: Real-time advisory and efficient tax-deferred exchanges.
- Sale-Leaseback: Strategic solutions tailored to client goals.
- Transaction Management: Secure and seamless deal execution.
- Debt & Structured Finance: Customized financing through extensive lending relationships.
Blue West Capital’s market knowledge and client-first approach make us a trusted partner in navigating complex commercial real estate transactions. Let's connect!
Be the first to know about new investment properties.
Subscribe to our mailing list
