Taco Palace

Longmont, CO

Property Highlights

  • BRAND NEW 12-YEAR ABSOLUTE TRIPLE NET (NNN) LEASE
  • LEASE INCLUDES RENTAL INCREASES EVERY 5 YEARS AND TWO (2) FIVE-YEAR OPTIONS TO RENEW
  • LARGE-FORMAT FREESTANDING QUICK SERVICE RESTAURANT (QSR) BUILDING WITH A DRIVE-THRU
  • OUTPARCEL TO HARVEST JUNCTION (530,150 SF), DOMINANT SHOPPING CENTER IN LONGMONT
  • EXCELLENT LOCATION OFF OF HIGHWAY 119, A MAJOR ARTERIAL CORRIDOR CONNECTING I-25 THROUGH LONGMONT TO BOULDER
  • HIGH TRAFFIC INTERSECTION (2ND BUSIEST INTERSECTION IN LONGMONT) - US 287 CONNECTS FORT COLLINS TO DENVER
  • STRONG DEMOGRAPHICS: $100,468 AVERAGE HOUSEHOLD INCOME & 104,994 POPULATION (5-MILE RADIUS)
  • LONGMONT, COLORADO IS A HIGHLY DESIRABLE SUBURB OF BOULDER, COLORADO (10 MILES)
  • Price: $1,863,000
  • Lot Size: 0.93
  • Cap Rate: 6.25%
  • Lease Type: Absolute Triple Net (NNN)
  • Year Built: 2006
  • Building SF: 2,369
  • Status: Sold
  • Guarantor: Personal Guarantee (5 Years)

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