1403 Plaza Dr, Highlands Ranch, CO 80129
15,000 SF Specialty Building Offered at $7,036,593 at a 6.75% Cap Rate in Highlands Ranch, CO 80129
For Sale
Active
Asking Price $7,036,593
- Property Type
-
Specialty
- Square Feet
- 15,000 SF
- Price / Square Foot
- $469
Listing Contacts
Brian Brockman
Property Overview
Bang Realty is pleased to present the exclusive net lease offering for The Learning Experience located at 1403 Plaza Drive in Highlands Ranch, CO. The site consists of roughly 10,000 rentable square feet of building space along with a roughly 5,000 square foot playground on an estimated 1.10-acre parcel of land. This Learning Experience is subject to a 15-year double-net (NN) lease, with rent estimated to commence July 1st, 2024. The annual rent will be $474,970 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and in each of the two (2), five (5)-year renewal options.
Property Details
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- School
- Lot Size (sq. ft)
- 47,916 SF
Highlights
- Long-Term, 15-Year Double-Net (NN) Lease with Minimal Landlord Responsibilities
- 10% Rental Increases Occurring Every Five Years
- Two, Five-Year Tenant Renewal Options, Bringing the Potential Lease Term to 25 Years
- Strategic Asset Positioning | Subject Property is an Outparcel to the ARC 470 Office Complex | 598,000 SF of Class-A Space in Three Buildings
- Excellent Colorado Real Estate | Approx. 12 Miles from the Heart of Downtown Denver | Capital and Most Populous City of the U.S. State of Colorado
- Robust Demographics | Population Exceeds 222,000 Individuals within a Five-Mile Radius of the Subject Property
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