Your email has been sent.
Chili's at TheTowne Center at Brookhill 7475 W 88th Ave 6,000 SF Retail Building Westminster, CO 80021 $4,394,712 CAD ($732.45 CAD/SF) 5.75% Cap Rate
Investment Highlights
- Long Term Occupancy - Chili's has successfully operated at this location since 1985
- Anchored by Strong Regional Shopping Center destination - Towne Center at Brookhill accounts for over 2.7M visits over the past twelve months
- Attractive Absolute NNN Lease Structure - Recent 10 year renewal with expiration of June 2035 and two 5-year options to renew
Executive Summary
The 6,000-square foot freestanding retail facility was built in 1985 and is located within the Towne Center at Brookhill, a 427,000 square foot regional shopping center destination with an array of daily need goods and services, discount soft goods merchandise, entertainment and quick service dining options.
The location benefits from a hard corner, lighted entrance off of West 88th Avenue and high barriers to entry in a entirely built out retail trade area. With convenient access along two of the main traffic arteries in Westminster, West 88th Ave and Wadsworth Blvd, drive by exposure is over 80,750 vehicles per day. This strategic location is just 2 miles from the US 36 and Sheridan Avenue interchange, midway between Denver and Boulder on the US 36 tech corridor.
Chili’s Bar & Grill is an American casual dining restaurant chain featuring American food, Tex-Mex cuisine and dishes influenced by Mexican cuisine, such as quesadillas, and fajitas. Founded in 1975 by Larry Lavine, the first restaurant opened in Coppell, Texas. The chain has grown to over 1,600 locations worldwide with nearly 1,300 across the U.S. and 345 international.
Chili’s Bar & Grill is being offered free and clear of existing debt on an “As-Is/Where Is” basis.
Data Room Click Here to Access
Property Facts
Amenities
- Bus Line
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Chili’s Grill & Bar is in the business of making everyone feel special. In everything they do, they have to ask themselves if they’re putting the Guest first and making sure they’ll come back for more. Their Cultural Beliefs bring that passion to life and shape who they are as a company and as the people who live and breathe inside of it. They’re more than mere transactions – they’re people connecting with people! If their beliefs are strong, their actions will match. And that’s how they create memorable experiences and real results. As food on their menu comes in all shapes, sizes and flavors, no two Team Members are the same, and that’s the way they like it. It’s quite simple: They believe a diverse, equitable and inclusive workplace is good for Team Members, Guests, and the communities they serve. Their Team Members and Guests are diverse in gender, race, ethnicity, sexual orientation, disability, religion, age, cultural background and life experience.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 29-234-03-010 | Improvements Assessment | $270,988 CAD |
| Land Assessment | $2,000,522 CAD | Total Assessment | $2,271,509 CAD |
Property Taxes
Presented by
Chili's at TheTowne Center at Brookhill | 7475 W 88th Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.