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)