Investment Highlights
New 20-Year Lease
2.9M Person Denver MSA
Corporately Guaranteed
Rent Increases Every 5-Years
Zero Landlord Responsibilities
150+ Locations Nationally
Executive Summary
LEASEThis is a brand-new lease with ?Micaza Enterprises Incorporated? and guaranteed by ?Ziggi?s Coffee Franchise LLC,? which is the corporate entity for Ziggi?s Coffee. The property is currently under construction and will feature a new 20-year absolute NNN lease with rent increases of 7.50% every 5 years through the property term and each of the six, 5-year renewal options. Construction is expected to be completed late summer 2024.PROPERTYThe property features Ziggi?s latest prototypical 624 SF building with a double drive-thru on 0.510 acres of land in highly desirable Parker, CO. The area is exploding with growth in all directions with high barriers to entry on Denver?s southeast side. When completed, the property will feature a double drive-thru on the morning side of traffic, perfect for a quick serve coffee user.TRADE AREAParker is on the southeast side of Denver, which is a 2.9 million person MSA. Parker itself boasts over 64,000 people and is the 20th most populated city in the state of Colorado. The entire Denver MSA is a high growth market with new developments taking place all around the property. Denver has grown by over 100,000 people in the past 5 years alone. Population is expected to grow from 2.9 million people to 4 million by 2040. Denver has a $7.4 million mass transit system under development, has the 6th busiest airport in the country with 60 million passengers/yr, and is home to five professional sports teams.TENANTZiggi's Coffee is a national coffee chain with over 100 locations across 12 states and growing. They have an additional 50+ stores currently under development and will quickly be approaching the 200-unit mark. The company is privately owned by its original founders who have been in the coffee business 20+ years. They are one of the fastest growing franchisee concepts in the country. The property is guaranteed by corporate, speaking to the strength of this location and the company's desire to expand within the Denver MSA.
