Offering Memorandum
Property Highlights
- 10.5+ YEARS REMAINING ON ABSOLUTE TRIPLE NET (NNN) LEASE
- CORPORATE GUARANTEE FROM GREASE MONKEY INTERNATIONAL (300+ UNITS)
- RENT INCREASE FROM 7.50%-12.50% BASED ON CPI ON 05/01/2021 AND 05/01/2026
- UNDER MARKET RENT, BELOW REPLACEMENT COST
- ESSENTIAL BUSINESS THAT IS INTERNET AND RECESSION RESISTANT
- LOCATED IN DOMINANT RETAIL CORRIDOR WITH HIGH VISIBILITY AND EASY ENTRY AND EGRESS
- MEDIAN HOUSEHOLD INCOME OF $132,000 WITHIN A 3-MILE RADIUS
- PARKER, COLORADO IS A GROWING COMMUNITY IN THE DENVER MSA AND HAS A POPULATION OF 55,000+
- Price: $1,090,000
- Lot Size: .59
- Cap Rate: 5.50%
- Lease Type: Absolute Triple Net (NNN)
- Year Built: 2002
- Building SF: 2,847
- Status: Sold
- Guarantor: Corporate