Phase 1 Building 1 10100 Twenty Mile Rd

Hier & Company Brokerage, LLC presents the opportunity for investors to obtain a newly constructed commercial asset located at 10100 Twenty Mile Road in the growing Parker, Colorado, submarket.

Built in 2023, 10100 Twenty Mile Road stands out from other flex properties with a best-in-class design that incorporates a retail aesthetic while maintaining functionality. It spans 14,428 square feet and sits on a 1.37-acre lot. The property is equipped with eight, 10x12 foot roll-up doors, a TPO roof, 5-7.5 ton Carrier RTUs, and an appealing stucco and stone façade.

10100 Twenty Mile Road is highly flexible in use, layout, and zoning, making it a versatile asset in the long term. The PUD zoning allows a diverse range of uses and the building can be demised into eight separate units. The tenant mix comprises a regional sports rehab center, an expanding national franchise focused on sales of in-home generator sales which includes a showroom, and a quickly growing national gym franchise focused on young to middle-aged children. This tenant mix highlights the flexibility of 10100 Twenty Mile Road. All tenants signed new 7-10-year NNN leases, with options to extend, and annual base rent escalations. All leases are personally guaranteed by financially strong guarantors and majority have supporting national Franchisors.

Parker has risen to prominence as an idyllic city to live and work. Stellar demographics substantiate the desirability of this area with population growth projections and income statistics far above the national average. For example, the average annual household income within a 3-mile radius is $144,357, which contributes to $1.3 billion in yearly spending. Parker’s thriving economy, robust business center, family-friendly environment, great schools, and extensive cultural and recreational activities are the reasons why CNN Money rated it #2 on the 2020 Best Places to Live in America list.

The immediate area of 10100 Twenty Mile Road is abundant with commercial, retail, and everyday amenities increasing traffic, such as Sprouts Farmers Market, Sky Zone Trampoline Park, Starbucks, Parker Modern Dentistry and Orthodontics, Lowe’s, and Vehicle Vault, an automotive museum and event venue. The proximity of the asset to E 470, Interstate 25, Parker Road, and Lincoln Avenue adds to the desirability because commuters, vendors, and patrons of the tenants can easily access the center of Denver and other metro destinations. These factors and more form the perfect environment to foster the success of the tenants and the owner of this asset for years to come.