Population
749,000
Growth (5Y)
+6.2%
Median Income
$78,000
Metro GDP
$255B
Market Overview
Denver is Colorado's dominant NNN investment market and one of the premier markets in the Mountain West. The city's combination of aerospace/defense employment, energy sector strength, and massive millennial in-migration has created one of the nation's most diverse and recession-resistant economies. NNN cap rates range from 5.0–6.75%, among the tightest in non-coastal markets, reflecting Denver's strong fundamentals. The suburban ring from Castle Rock to Fort Collins offers active NNN development opportunities.
Key Highlights
Energy, aerospace, and defense industries provide a recession-resistant economic base
Millennial in-migration has made Denver one of the most educated workforces in the US
Rapidly growing tech scene with Amazon, Google, and Apple opening major offices
Rocky Mountain hub position creates a dominant logistics and distribution market
Why Invest in Denver
- 1Gateway city to the Mountain West with irreplaceable geographic position
- 2Aerospace and defense spending provides recession-resistant employment base
- 3High median income ($78K) drives strong tenant sales and rent coverage ratios
- 4Growing cannabis and biotech industries add additional economic diversification
Recent NNN Activity
"Denver metro NNN transactions totaled $470M in 2024. Aurora, Thornton, and Westminster corridors saw the most activity for new QSR and pharmacy development. Convenience store ground leases (7-Eleven, Circle K) commanded premium pricing from 1031 exchange buyers."
NNN Snapshot
Cap Rate Range
5% - 6.75%
Price Range
$2.0M - $6.5M
Avg Lease Term
12 Years
Unemployment Rate
3.8%
Active NNN Tenants
McDonald'sWalgreensKing Soopers (Kroger)7-ElevenAutoZoneStarbucksDollar General
Major Employers
Lockheed MartinRaytheonDaVitaDish NetworkFrontier AirlinesCharles Schwab
Find NNN Properties in Denver
Our advisors have exclusive, off-market NNN inventory in the Denver market right now. Contact us to see what's available before it hits the public market.