10319 Tower Road

Positioned off E-470 beltway exit 31, connecting highway to Denver International Airport, the largest airport in the United States by size and the fifth busiest by travelersLee & Associates is pleased to exclusively market for sale a single tenant, net-leased, SONIC Drive-In located at 10319 Tower Road in Commerce City, CO. The previous Operators, Rubyhill Denver LLC, have developed and operated 34 Sonic properties throughout the Denver, CO and Richmond, VA metro areas. The lease runs through April of 2036 and is absolute triple net, featuring no landlord responsibilities. The lease features 1% annual rent escalations throughout the primary term and three 5-year renewal options. The 1,658 square-foot building sits on 1.01 AC and is located at the signalized intersection of Tower Rd and E 104th Ave, which experiences 22,000 vehicles per day. The property is less than one mile from E-470 and less than 10 minutes from Denver International Airport. Neighboring stores include Starbucks, Del Taco, Subway, Philips 66, and NAPA Autoparts. This investment provides investors with a rare opportunity to acquire a long-term single-tenant asset that combines proven sales performance with desirable real estate fundamentals in the booming Denver metropolitan area. Lease Commencement Date: 11/1/2015 Lease Expiration Date: 4/30/2036 Renewal Options: Three 5-Year Options Rent Escalation: 1% Annually During Primary Term and Options Lease Type: Absolute NNN Tenant: Sonic Drive-In Year Built: 2006 Building Size: 1,658 SF Land Size: 1.00 Acre