
Family Mexican Restaurant
Free Standing Single Tenant Investment Opportunity | 6.97% CAP | 6,533 SqFt
Marketing description
Vanguard Development is pleased to present this free standing single-tenant Investment opportunity at 451 Ken Pratt Parkway, Longmont, CO 80501! Occupied by a proven track record tenant with a stable NNN lease. The property provides ample parking and close proximity to a major intersection and residential area in a busy shopping district. The building presents an excellent investment opportunity with a 7% cap rate. Featuring a 6,553 RSF building on 0.63 acres, this property has been renovated in 2012, 2016, and most recently. The successful tenant operator has a strong lease term of 5 years at a competitive lease rate starting from $17.50/RSF NNN. The one-floor building includes landlord-owned FF&E, making it a turnkey investment. Don't miss out on the chance to own a well-established restaurant location in a prime area. Contact Vanguard Development, LLC today to learn more about this unique investment opportunity!
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