Arapahoe County
Property Location: 6712 S. Potomac St, Centennial, “Burger King Restaurant”
Property Description: 2,885-sf fast-food restaurant, YOC 2001, brick construction
Land Size: 0.97 acres
Sales Price: $1.98M, or $686.31 per sf
Reception No.: D6091641
Closing Date: 8/17
Grantor: Chung Wan Leung & Yim Ngor Luk
Grantee: Alberca LLC, Thomas E. Lowery, mgr.
19135 Echo Pass Road, Portola Hills, CA 92679
Financing: $1.0M payable to Bank West
Comments: The property was listed by Pat Kent, 949-585-7672, & Corey Olson, 949-585-7648, of Hanley Investments for $2.06M. The lease commenced May 8, 2002, and expires June 5, 2021, with four five-year option periods. The in-place cap rate is 7.02%. See APN: 2075-25-1-20-002. The NNN lease rate is $48.15 per sf.
Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.
