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Salon Republic | 15yr Corp NNN w/ Annual Incr 550 Zang St 12,000 SF Retail Building Broomfield, CO 80021 $4,101,300 CAD ($341.78 CAD/SF) 6% Cap Rate
Investment Highlights
- 15-Year NNN Lease | Corporate Guaranteed | Annual Increases Significantly Below Market Rents
- Top Performing Retail Corridor | National Retail Anchors
- Dense Residential & Employment Base | Denver MSA
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- HiFi District Redevelopment | Retail & Entertainment Destination
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed, Salon Republic investment property located in Broomfield, Colorado (Denver MSA). The tenant, Salon Republic recently executed a new 15-year NNN lease with
2 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 2% base rent increases throughout the initial term and each option period, hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Salon Republic is an industry-leading brand and operator of company-owned salon studio locations providing full-service amenities and on-site management support, with 40+ sites across the Western U.S., including a significant presence in California, Colorado, Texas, and Washington.
2 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 2% base rent increases throughout the initial term and each option period, hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Salon Republic is an industry-leading brand and operator of company-owned salon studio locations providing full-service amenities and on-site management support, with 40+ sites across the Western U.S., including a significant presence in California, Colorado, Texas, and Washington.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
12,000 SF
Building Class
C
Year Built
2003
Price
$4,101,300 CAD
Price Per SF
$341.78 CAD
Cap Rate
6%
NOI
$246,078 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.12 AC
Zoning
PUD - Planned Unit Development
Parking
61 Spaces (5.08 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1575-32-1-18-002 | Improvements Assessment | $394,094 CAD |
| Land Assessment | $204,874 CAD | Total Assessment | $598,968 CAD |
Property Taxes
Parcel Number
1575-32-1-18-002
Land Assessment
$204,874 CAD
Improvements Assessment
$394,094 CAD
Total Assessment
$598,968 CAD
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Salon Republic | 15yr Corp NNN w/ Annual Incr | 550 Zang St
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