Investment Highlights
Executive Summary
- Single-tenant Captain D?s investment opportunity, offering a brand-new 15-year absolute triple net (NNN) lease with rare 2.5% annual rental increases.- Founded in Tennessee in 1969, Captain D?s is an American fast casual restaurant chain that specializes in seafood. The company has ?535 locations across the country.- The franchisee has been a Captain D?s operator for over 35 years.- The Property is located on the hard northeast corner of S Academy Blvd and Astrozon Blvd, with ?48,407 vehicles per day?(Source: CoStar).- The Property is located ?8 minutes away from the Peak Innovation Park, a 1,600-acre master planned business park located at the entrance of the Colorado Springs Airport. Peak Innovation Park will feature office, industrial, retail, entertainment, recreation and residential, and is home to Amazon, Northrop Grumman, and The Aerospace Corporation.- Approximately 10 minutes east of the Property is the Colorado Springs Airport, a 12-gate terminal facility which saw more than 2.3 million passengers in 2023, and the Peterson Air Force Base, a US Space Force Base with ?8,750 active duty and ?1,901 civilians.- The Property is minutes away from Sierra High School (?908 students) and Atlas Preparatory Middle School (?516 students).- Nearby national retailers include King Soopers (Kroger), Goodwill, Dollar Tree, Firestone, McDonald?s, Starbucks, Burger King, Pizza Hut, Dunkin?, and many more.
