Investment Highlights

NEW 20-YEAR ABSOLUTE NNN LEASE WITH A STRONG CORPORATE GUARANTY
» 20-year absolute NNN lease to Les Schwab with a strong guarantee from LS Group Parent OpCo LLC – over $2 billion in revenue
» Scheduled rental increases every five (5) years
» Les Schwab, backed by Meritage Group, is a tire retailer and service center operator in the western U.S. with 512 locations in 10 states
» High-quality 2023 construction on a large 1.35-acre parcel

PROMINENT LOCATION ALONG A STATE HIGHWAY NEAR SCHOOLS AND COMMUNITY HUBS
» Highly visible location along State Highway 79/South 1st Street with access to 10,598 daily vehicles
» Well-positioned in the main retail corridor with prominent nearby tenants such as Tractor Supply Co, King Soopers, Dollar General, Sonic Drive-In, Taco Bell, QuikTrip, and Carl’s Jr., drawing significant traffic to the site
» Beneficial proximity to Interstate 70 (26,000 AADT) and U.S. Highway 36/East Colfax Avenue (6,213 AADT)

GATEWAY LOCATION TO THE GROWING DENVER MSA WITH OVER THREE MILLION RESIDENTS
» Ideal location surrounded by large new housing developments, including Muegge Farms and Bennett Village (combined 1,093 homes)
» Five-mile population growth of 49% since 2010 and projected to increase 7% by 2028, allowing the site to tap into the increasing market base
» Average annual household income of $102,678 within a five-mile radius and with projections to increase 16% over the next five years
» 22 miles from Denver International Airport (DEN), voted the # 2 U.S. airport in North America and is situated in the middle of the country, with nearly 69 million passengers yearly
» Gateway to Aurora and Denver and part of Metro Denver with a population of more than 3 million
» Metro Denver’s growth rate has consistently outpaced the national rate every decade since the 1930s and by 2030, the population is anticipated to increase to more than 3.6 million

Property Description

SOLD

» Prime Location Along a State Highway Within a Prominent Retail Corridor: This property is highly visible along State Highway 79/South 1st Street and surrounded by notable tenants such as Tractor Supply Co, King Soopers, Dollar General, Sonic Drive-In, Taco Bell, QuikTrip, and Carl’s Jr., attracting significant traffic to the area
» Convenient Access to Major Highways and Community Hubs: With easy access to Interstate 70 (26,000 AADT) and U.S. Highway 36/East Colfax Avenue (6,213 AADT), the property enjoys excellent connectivity. It is also situated near Bennett Elementary, Middle, and High Schools, serving as a central hub within the community
» Gateway Location to Denver MSA with Expanding Market Base: Serving as a gateway to the thriving Denver Metropolitan Statistical Area (MSA) with a population of over three million residents, the property benefits from a growing market base. The five-mile population has witnessed a 49% growth since 2010, projected to increase by 7% by 2028, ensuring a continuously expanding customer pool
» Favorable Demographics and Income Potential: Within a five-mile radius, the property captures a demographic with an average annual household income of $102,678, expected to rise by 16% over the next five years. These favorable income levels and demographics present a strong foundation for sustained business growth
» Proximity to Denver International Airport and Part of Metro Denver: Strategically located just 22 miles from Denver International Airport (DEN), ranked as the second-best U.S. airport in North America, the property benefits from its proximity to this major transportation hub. It also lies within the Metro Denver area, characterized by consistent population growth surpassing national rates, with projections indicating further expansion beyond 3.6 million residents by 2030