A Torchy’s Tacos property in Lakewood, Colorado, is up for sale at a price of $5.4 million. This retail space, measuring 5,323 square feet, features a 5.5% cap rate and a net operating income of $297,023, supported by a 100% occupancy rate.
The property operates under an absolute NNN lease, with a single tenant agreement that has approximately 13 years remaining until its expiration on January 31, 2039. The lease includes options for rent increases every five years and three additional five-year options.
Founded in 2006 by Michael Rypka, Torchy’s Tacos is known for its unique taco offerings. The Lakewood location benefits from high visibility, with over 95,000 vehicles passing by daily, and is situated in a densely populated area with a nearby urban shopping and dining district. The local demographics include approximately 380,664 residents and an average household income of over $102,000 within a five-mile radius.
Source: Property Listing