Offering Memorandum
Property Highlights
- ABSOLUTE TRIPLE NET (NNN) LEASE WITH NO LANDLORD RESPONSIBILITIES
- CURRENT LEASE TERM HAS 11 YEARS REMAINING WITH TWO RENT ESCALATIONS LEFT
- CORPORATE GUARANTEE FROM GREASE MONKEY INTERNATIONAL INC. (300+ UNITS)
- INTERNET RESISTANT TENANT - AN ADVANTAGE IN THE CHANGING RETAIL LANDSCAPE
- THE PROPERTY IS LOCATED ON THE CORNER OF COLORADO BLVD AND 120TH AVE - COMBINED VEHICLES PER DAY REACHES OVER 58,000
- LOCATED IN THORNTON, A SUBURB OUTSIDE OF DENVER THAT HAS SEEN SUBSTANTIAL GROWTH IN HOUSEHOLD INCOME AND PROPERTY VALUES
- Price: $1,090,000
- Lot Size: .76
- Cap Rate: 5.50%
- Lease Type: Absolute Triple Net (NNN)
- Year Built: 2009
- Building SF: 1,956
- Status: Sold
- Guarantor: Corporate