Big O Tires NNN Property For Sale — Parker, CO
10431 Parkglenn Way, Parker, CO 80138
This commercial real estate property is strategically located in a bustling retail corridor in Parker, Colorado, with a daily traffic count of 56,000 vehicles per day (VPD), ensuring high visibility and accessibility. The lease agreement for this property includes a 1.5% annual rent increase, providing steady income growth and safeguarding against inflation. The property features an Absolute NNN lease, offering a landlord a hands-off, hassle-free investment with zero responsibilities or expenses, as the tenant bears all costs associated with property maintenance, property taxes, and insurance. With a lease term of 16 years remaining, the landlord is assured of rental income until 2040, providing long-term rent stability and security. Big O Tires is the largest tire store franchise in the…
- Address: 10431 Parkglenn Way, Parker, CO 80138
- Asking price $3.49M
- 5.21% cap rate
- NOI $181,881
- 14.1 years remaining
- NNN lease
- Year built: 1993
- Building size: 4,608 SF
- Lot size: 0.52 acres
- Lease expiration: Sep 30, 2040
- Rent increases: 10/1/2024-9/30/2025: $184,677.26; 10/1/2025-9/30/2026: $187,447.42; 10/1/2026-9/30/2027: $190,259.13; 10/1/2027-9/30/2028: $193,113.01; …
- Guarantor: Corporate
Location
This Big O Tires property is at 10431 Parkglenn Way in Parker, Colorado.
Asset type: NNN