Village Inn Investment Offering brochure...VILLAGE INN | 23 CENTENNIAL BLVD HIGHLANDS RANCH, CO...

SVN | DENVER COMMERCIAL | 710 W. COLFAX, DENVER, CO 80204 SALE BROCHURE

VILLAGE INN23 CENTENNIAL BLVD

HIGHLANDS RANCH, CO 80129

John SheflinSenior Advisor

[email protected]

OFFERING SUMMARY

Sale Price: $3,270,000

Cap Rate: 5.0%

NOI: $163,466

Lot Size: 1.51 Acres

Year Built: 1985

Building Size: 5,250 SF

Market: Denver

Submarket: Southeast Denver

Price / SF: $622.86

The property is situated on a 1.177 acre site which has a 21,000 SF floor area allowance. This sale also includes anadditional 0.339 acres on the adjoining site to accommodate additional parking. The hard, lighted corner location is one ofthe best in Highlands Ranch; a neighborhood with one of the highest demographics in the country. The building waspurpose built for Village in in 1985 as the restaurant group capitalized on the best corner in the area with residentialdevelopment just beginning in this explosive neighborhood.

The tenant did significant updates to the space in 2016 showing their long term commitment to this outstanding location.

PROPERTY OVERVIEW

Located immediately South of C-470 on the Northwest corner of South Broadway and West Centennial Boulevard in theOffice Park of Highlands Ranch.

LOCATION OVERVIEW

PROPERTY HIGHLIGHTS

• Village Inn Single-Tenant Net Leased Investment Offering

• Great Demographics in Trade Area

• Cap Rate 5% based on 2018 Lease rates.

• Purpose built as Village Inn in 1985

• High Visibility Location - next to major highway interchange

• Corporate Guaranty

• Lease rate increase in 2021 with options to extend until 2031

Property Summary

VILLAGE INN | 23 CENTENNIAL BLVD HIGHLANDS RANCH, CO 80129 SVN | Denver Commercial |


Aerial Map


Retailer Map


Village Inn

Regional Map


POPULATION 1 MILE 3 MILES 5 MILES

Total population 8,146 97,448 220,510

Median age 42.3 40.2 39.5

Median age (male) 41.1 38.8 38.4

Median age (Female) 42.9 41.3 40.5

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 3,089 37,154 86,098

# of persons per HH 2.6 2.6 2.6

Average HH income $108,470 $105,569 $103,732

Average house value $315,328 $338,249 $364,301

* Demographic data derived from 2010 US Census

Demographics Map


INVESTMENT OVERVIEW 2018 SCHEDULED RENTS

Price $3,270,000Price per SF $622.86CAP Rate 5.0%Cash-on-Cash Return (yr 1) 5.0 %Total Return (yr 1) $163,466

OPERATING DATA 2018 SCHEDULED RENTS

Gross Scheduled Income $163,466Total Scheduled Income $163,466Gross Income $163,466Net Operating Income $163,466Pre-Tax Cash Flow $163,466

FINANCING DATA 2018 SCHEDULED RENTS

Down Payment $3,270,000

Financial Summary

710 W. ColfaxDenver, CO 80204T 720.773.8541C [email protected]

PROFESSIONAL BACKGROUND

John has been actively working in the real estate industry for nearly 20 years. In his first 8 years John worked with resortdevelopers all over the world. Seeking a place to raise his family, John returned to his home town in his late twenties topursue commercial brokerage. He has spent the last 10 years representing clients with the acquisition and disposition ofInvestment property and is mainly focused on single and multi-tenant retail opportunities.During his real estate tenure, John has closed over 1,000 transactions and been recognized many times as a marketleader and “big hitter” by the Denver Business Journal, CoStar, the Colorado Real Estate Journal and the Denver MetroCommercialAssociation of Realtors where he currently sits as an advisory board member.John has a reputation for doing business in a direct, no non-sense manner while treating his clients the way he wouldexpect to be treated; with passion and integrity.In his free time, John spends time with his two children, mentoring inner city at risk youth, playing tennis, riding his roadbike, or adventuring through the Rocky Mountains on one of his motorcycles.

MEMBERSHIPS & AFFILIATIONS

Certified Commercial Investment MemberDenver Metro Commercial Association of RealtorsDowntown Denver PartnershipInternational Council of Shopping CentersBoard Member of DMCAR

JOHN SHEFLIN

Senior Advisor


Advisor Bio & Contact

Village Inn Investment Offering brochure...VILLAGE INN | 23 CENTENNIAL BLVD HIGHLANDS RANCH, CO...

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Transcript of Village Inn Investment Offering brochure...VILLAGE INN | 23 CENTENNIAL BLVD HIGHLANDS RANCH, CO...