Benihana | Adjacent to Flatiron Crossing Regional Mall | Strong Estimated Sales Reporting
515 Zang Street, Broomfield, CO 80021
Price: $4,511,000
Status: Available
Cap Rate: 7.25%
Year Built: 2003
NOI: $327,057
Lot Size: 0.38 acres
Price Per Foot: $506
Lease Type: NNN (Modified)
Remaining Term: 6
GLA: 8,921 sqft
Property Intro
Lee & Associates is pleased to exclusively present the opportunity to acquire a well-established Benihana restaurant located at 515 Zang Street in Broomfield, Colorado, within the dynamic Denver MSA. The 8,921-square-foot building is situated on a 0.38-acre parcel within the Main Street Complex and directly adjacent to the 1.5 million-square-foot Flatiron Crossing Regional Mall.
Benihana, now owned by The ONE Group Hospitality, Inc. (NASDAQ: STKS), operates under a strong corporate lease. The brand is part of a $1 billion revenue platform that includes STK Steakhouse, Kona Grill, and RA Sushi, with more than 160 restaurant locations worldwide. This location has been operating successfully since 2006 and was ranked in the top 33% nationally for customer visits, according to Placer.ai. It reported an estimated $4.4 million in sales for 2024, translating to a healthy and sustainable 7% rent-to-sales ratio.
Positioned between Denver and Boulder, Broomfield has experienced strong population growth and is a magnet for corporate headquarters, including Crocs, Ball Corporation, and Vail Resorts. The immediate area features six surrounding hotels and a concentration of office users, which drive consistent traffic to the subject property. Average household incomes exceed $130,000 within a one-mile radius, and the region continues to benefit from spillover demand due to high barriers to entry in both Denver and Boulder. With its irreplaceable location, established tenancy, and strong lease fundamentals, this offering provides investors with durable income in a high-growth, supply-constrained market.