{"id":384,"date":"2026-05-15T04:05:03","date_gmt":"2026-05-15T04:05:03","guid":{"rendered":"https:\/\/coloradospringsmoverss.com\/?p=384"},"modified":"2026-05-15T04:05:03","modified_gmt":"2026-05-15T04:05:03","slug":"gun-shop-owner-objects-to-bill-increase-after-broncos-become-his-landlord","status":"publish","type":"post","link":"https:\/\/coloradospringsmoverss.com\/?p=384","title":{"rendered":"Gun shop owner objects to bill increase after Broncos become his landlord"},"content":{"rendered":"<div>\n<div><strong>Getting your Trinity Audio player ready&#8230;<\/strong><\/div>\n<div>\n<p>After a shopping spree for real estate around Burnham Yard, where a new stadium is planned, the Denver Broncos have landlord-tenant issues.<\/p>\n<p>Read more <a href=\"https:\/\/coloradospringsmoverss.com\/?p=382\">Supreme Court preserves access to widely used abortion pill, while lawsuit plays out<\/a><\/p>\n<p>\u201cI don\u2019t like billion-dollar companies taking advantage of middle-class people. I\u2019m paycheck to paycheck,\u201d said Alec Henkelman.<\/p>\n<p>The Army combat veteran owns High Country Armory at 785 Vallejo St., a building the Broncos bought in January. His business is being told to pay 20% more per month to the new landlord, according to JLL, which has stepped in as property manager.<\/p>\n<p>\u201cThe way I understand it is, the Broncos bought it, and the people they put in charge are doing this,\u201d Henkelman said.<\/p>\n<p>Henkelman\u2019s lease expires at the end of the year. His monthly base rent is just under $2,600, and he had been paying about $1,000 in additional expenses. The \u201ctriple-net\u201d lease he signed with the previous owner, which is common for commercial space, stipulates that he\u2019s responsible for paying 20% of the building\u2019s taxes, insurance and maintenance.<\/p>\n<p>Now, Henkelman is being asked to pay an additional $700 for those items. That adds up to an extra $8,000 over the year, which he refuses to pay.<\/p>\n<p>\u201cI try not to cut hours, cut employees. I want to take care of my guys. But that\u2019s what that could mean. That\u2019s one dude\u2019s weekly salary,\u201d Henkelman said.<\/p>\n<p>\u201cIf it\u2019s the Broncos and we\u2019re talking about eight grand on the year, why don\u2019t we just ask Bo Nix to take an $8,000 cut?\u201d<\/p>\n<div>\n<\/div>\n<p>In a phone call that Henkelman had with JLL, which he shared with BusinessDen, the property manager explained that the increase came as a result of a new building maintenance budget it created. The JLL staffer also reiterated that it was building expenses, not base rent, that was increasing.<\/p>\n<p>Henkelman said it felt like \u201cbad business.\u201d<\/p>\n<p>\u201cThis feels like you\u2019re manipulating the lease, and you\u2019re taking advantage of three tenants in your building, increasing their overall rent pay by 20%,\u201d he said.<\/p>\n<p>Read more <a href=\"https:\/\/coloradospringsmoverss.com\/?p=380\">Man dies in fall from Second Flatiron near Boulder<\/a><\/p>\n<p>Henkelman told BusinessDen that he had a verbal agreement with the previous landlord that his triple-net payments wouldn\u2019t change over the duration of his lease.<\/p>\n<div>\n<\/div>\n<p>JLL did not respond to a request for comment. The Broncos, who have yet to directly acknowledge any real estate transactions in the area, did the same with this property.<\/p>\n<p>\u201cWe are unable to confirm any of the real estate activity associated with this LLC,\u201d Broncos spokesman Patrick Smyth said via email.<\/p>\n<p>SNCC LLC purchased the 10,800-square-foot building on 0.4 acres at 781-785 Vallejo St. for $2.2 million. Details of the transaction match others the team has recently completed nearby, like paying for the property in cash, using a lawyer associated with its other deals and forming the nondescript buying entity in late 2023.<\/p>\n<p>\u201cWe\u2019re under the impression [that it was the Broncos], but we can\u2019t confirm that,\u201d Kaufman Hagan broker Zachary Bierman, who represented the seller in the deal, told BusinessDen in January.<\/p>\n<p>At a BusinessDen event in March, Broncos General Counsel Tim Aragon acknowledged that the team was buying property along Eighth Avenue, where Henkelman\u2019s shop is located.<\/p>\n<p>Aragon said those deals are due to the road being \u201cthe front door\u201d to the stadium district.<\/p>\n<p>\u201cSome of the things that existed in those properties might not be things that we wanted,\u201d he said, referencing a marijuana grow house across the street from the gun store.<\/p>\n<p>Read more <a href=\"https:\/\/coloradospringsmoverss.com\/?p=378\">Downed powerlines delay traffic in south Denver metro<\/a><\/p>\n<p>Henkelman, meanwhile, says he plans to buy a building elsewhere.<\/p>\n<p>\u201cI\u2019m trying to buy a building and get the f\u2013 out,\u201d he said.<\/p>\n<p><em>Read more from our partner, BusinessDen.<\/em><\/p>\n<p><em>Get more business news by signing up for our Economy Now newsletter.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The owner of High Country Armory near Burnham Yard is being asked to pay 20% more per month after the Denver Broncos purchased its building.<\/p>\n","protected":false},"author":1,"featured_media":383,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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