Offering Memorandum
Property Highlights
- 14.75 YEARS REMAINING ON ABSOLUTE TRIPLE NET (NNN) LEASE
- CORPORATE GUARANTEE FROM GREASE MONKEY INTERNATIONAL INC. (300+ UNITS)
- RENT INCREASE FROM 7.50% - 12.50% BASED ON CPI
- UNDER MARKET RENT, PRICED BELOW REPLACEMENT COST
- ESSENTIAL BUSINESS THAT IS INTERNET AND RECESSION RESISTANT
- LOCATED IN DOMINANT RETAIL CORRIDOR NEAR SAFEWAY, CONOCO, AND MANY MORE NATIONAL RETAILERS
- SITE HAS HIGH VISIBILITY AND EASY ENTRY AND EGRESS
- LONGMONT, COLORADO IS A GROWING COMMUNITY OUTSIDE OF BOULDER AND HAS A POPULATION OF OVER 96,000
- Price: $1,084,000
- Lot Size: 0.45
- Cap Rate: 6.00%
- Lease Type: Absolute Triple Net (NNN)
- Year Built: 1985
- Building SF: 3,744
- Status: Sold
- Guarantor: Corporate